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Given the following information, find the additional investment for Winger Company

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Given the following information, find the additional investment for Winger Company -

January 1, 2005
Assets $75,000
Liabilities $50,000
Owner's Equity $25,000
December 31, 2005
Assets $95,000
Liabilities $55,000
Owner's Equity $40,000
Owner's equity changes in one year
Additional Investment ?
Drawings $10,000
Total Revenues $350,000
Total Expenses $335,000

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Solution Summary

Process is outlined and computations provided for you.

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Solution to your above posted problem is presented as under.Owner's Equity & Retained Earning
Balance 1st Jan 2005 $25,000
Less: Drawings during 2005 10000
...

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