Beginning of Year: $28,000 $16,000 End of Year: $64,000 $26,000

1) What is the equity at the beginning of the year?
Beginning Equity

2) What is the equity at the end of the year?
Ending Equity

3) If the owner contributes $8,000 and the owner withdraws $36,700, how much is net income (loss)?
Net Income (Loss)

4) If net income is $2,200 and owner withdrawals are $6,800, how much did the owner contribute (owner, capital)?
Owner, Capital
5) If the owner contributes $16,000 and net income is $16,900, how much did the owner withdraw (owner, withdrawals)?
Owner, Withdrawals
6) If the owner contributes $41,000 and the owner withdraws $4,300, how much is net income (loss)?
Net Income (Loss)

You are purchasing a bond that currently sold for $985.63. it has the time-to-maturity of 10 years and a coupon rate of 6%, paid semi-annually. the bond can be called for $1,020 in 3 years. what is the yield to maturity of this bond?

Assume the perpetual inventory method is used. 1) the company purchased $12,500 of merchandise on account under terms 2/10, n/30. 2) the company returned $1,200 of merchandise to the supplier before payment was made. 3) the liability was paid within the discount period. 4) all of the merchandise purchased was sold for $18,800 cash. what effect will the return of merchandise to the supplier have on the accounting equation?

James jones is the owner of a small retail business operated as a sole proprietorship. during 2017, his business recorded the following items of income and expense: revenue from inventory sales $ 147,000 cost of goods sold 33,500 business license tax 2,400 rent on retail space 42,000 supplies 15,000 wages paid to employees 22,000 payroll taxes 1,700 utilities 3,600 compute taxable income attributable to the sole proprietorship by completing schedule c to be included in james’s 2017 form 1040. compute self-employment tax payable on the earnings of james’s sole proprietorship by completing a 2017 schedule se, form 1040. assume your answers to parts a and b are the same for 2018. further assume that james's business is not a service business, and that it has $155,000 unadjusted basis in tangible depreciable property. calculate james's 2018 section 199a deduction.