Two items are omitted from each of the following summaries of balance sheet and income statement…

 
   

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Two items are omitted from each of the following summaries of balance sheet and income statement data for two proprietorships for the year 2014, Garba’s Goods and Zahra Enterprises.Determine the missing amounts.Garba’sGoodsZahraEnterprisesBeginning of year:Total assets$110,000$129,000Total liabilities85,000$.wiley.com/edugen/art2/common/pixel.gif”>(c)Total owner’s equity$.wiley.com/edugen/art2/common/pixel.gif”>(a)80,000End of year:Total assets160,000180,000Total liabilities120,00050,000Total owner’s equity40,000130,000Changes during year in owner’s equity:Additional investment$.wiley.com/edugen/art2/common/pixel.gif”>(b)25,000Drawings29,000$.wiley.com/edugen/art2/common/pixel.gif”>(d)Total revenues215,000100,000Total expenses175,00060,000Two items are omitted from each of the following summaries of balance sheet and income statement data for two proprietorships for the year 2014, Garba’s Goods and Zahra Enterprises. Determine the mis