One Item Is Omitted in Each of the Following Summaries
Question 14
Question 14
Essay
One item is omitted in each of the following summaries of balance sheet and income statement data for three different sole proprietorships X Y and Z. Determine the amounts of the missing items identifying each proprietorship by letter. Proprietorship Beginning of the Year: Assets Liabilities End of the Year: Assets Liabilities During the Year: Additional Investment by the owner Withdrawals by the owner Revenue Expenses X$390,000240,000450,000275,000?95,000195,000160,000Y$150,000105,000175,00090,00074,000?113,000Z$215,000168,000195,000170,00080,00083,000185,000175,000?
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