M Maranda New member Jan 29, 2011 #1 amounts are: DEC 31 2009 Assets $ 119,000 Liabilities ? DEC 31 2010 Assets $ 113,000 Liabilities $ 70,000 During year 2010 Owner Investments $6,500 Net Income $20,000 Owner Withdrawals $ 11,000 Calculate the amount of Liabilities for Dec. 31 2009
amounts are: DEC 31 2009 Assets $ 119,000 Liabilities ? DEC 31 2010 Assets $ 113,000 Liabilities $ 70,000 During year 2010 Owner Investments $6,500 Net Income $20,000 Owner Withdrawals $ 11,000 Calculate the amount of Liabilities for Dec. 31 2009
