et equity was $150,000. During the year,assets increed $75 decreascd $22.500. What is the owner'sequity...
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et equity was $150,000. During the year,assets increed $75 decreascd $22.500. What is the owner'sequity at the end of e yer LO2 Owner's Equity and the Accounting Equation Daiichi Company's total assets and liabilities at the beginning and end of the year tollow Assets $175,000 275,000 Liabilities Beginning of the year End of the year 68,750 162,500 Determine Daiichi's net income or loss for the year under each of the following alternatives: 1. The owner made no investments in or withdrawals from the business during the year 2. The owner made no investments in the business but withdrew $27,500 during the vear 3. The owner invested $16,250 in the business but made no withdrawals during the year. 4. The owner invested $12,500 in the business and withdrew $27,500 during the year. ldentification of Accounts E6A 1. Indicate whether each of the following accounts is an asset (A), a liability (L), or a part of owner's equity (OE): a. Building b. Salaries Payable e. Cash f. Accounts Payable g. Equipment Accounts Receivable
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