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okay this video is going to give an example of how to solve for an unknown from balance sheet and income statements so Im going to look at the first column this is whats given in your homework Aquarius and were kind of beginning of the year assets and liabilities into the year assets and liabilities and then were given some additional information such as additional investment in the business withdrawals from the business revenues and the expenses so the first thing that we need to do is note the accounting equation that were going to be using so assets equals liabilities plus owners equity this is our accounting equation and its going to be easier if we look at it slightly different if we just move liabilities to the left-hand side of the equal sign we will have assets minus liabilities equals owners equity all right so from here we can say that we now can figure out for Aquarius what our beginning and ending owners equity is lets look and see how we can do that beginning of
