Please please some one help me
The following financial statement information is from five separate companies.
Company A |
Company B |
Company C |
Company D |
Company E |
|||||||||||
December 31, 2018 | |||||||||||||||
Assets | $ | 40,000 | $ | 31,200 | $ | 25,600 | $ | 71,200 | $ | 109,200 | |||||
Liabilities | 32,800 | 21,840 | 13,824 | 49,127 | ? | ||||||||||
December 31, 2019 | |||||||||||||||
Assets | 45,000 | 32,400 | ? | 81,900 | 124,200 | ||||||||||
Liabilities | ? | 22,032 | 14,773 | 39,312 | 98,118 | ||||||||||
During year 2019 | |||||||||||||||
Owner investments | 6,000 | 1,400 | 9,750 | ? | 6,500 | ||||||||||
Net income (loss) | 10,550 | ? | 7,400 | 13,515 | 8,742 | ||||||||||
Owner cash withdrawals | 3,500 | 2,000 | 5,875 | 0 | 11,000 | ||||||||||
question :What is the amount of equity on December 31, 2019 for Company A
: What is the amount of liabilities on December 31, 2019 for Company A
Company A | ||
December 31, 2018 | ||
Assets | $40,000 | |
Liabilities | $32,800 | |
December 31, 2019 | ||
Assets | $45,000 | |
Liabilities | $24,750 | |
During year 2019 | ||
Owner investments | $6,000 | |
Net income (loss) | $10,550 | |
Owner cash withdrawals | $3,500 | |
Working | ||
December 31, 2018 | ||
Assets = Liabilities + Owners' Equity | ||
Owners' Equity = Assets - Liabilities | ||
Owners' Equity = $40,000 - $32,800 | ||
Owners' Equity = $7,200 | ||
Calculation of Owners' Equity on December 31, 2019 for Company A | ||
Owners' Equity, December 31, 2018 | $7,200 | |
Add: Net income | $10,550 | |
Add: Owner investments | $6,000 | |
$23,750 | ||
Less: Owner cash withdrawals | $3,500 | |
Equity, December 31, 2019 | $20,250 | |
December 31, 2019 | ||
Assets = Liabilities + Owners' Equity | ||
Liabilities = Assets - Owners' Equity | ||
Liabilities = $45,000 - $20,250 | ||
Liabilities = $24,750 | ||
Please please some one help me The following financial statement information is from five separate companies....
The following financial statement information is from five separate companies. Company A Company B Company C Company D Company E December 31, 2018 Assets $ 40,000 $ 31,200 $ 25,600 $ 71,200 $ 109,200 Liabilities 32,800 21,840 13,824 49,127 ? December 31, 2019 Assets 45,000 32,400 ? 81,900 124,200 Liabilities ? 22,032 14,773 39,312 98,118 During year 2019 Owner investments 6,000 1,400 9,750 ? 6,500 Net income (loss) 10,550 ? 7,400 13,515 8,742 Owner cash withdrawals 3,500 2,000 5,875 0...
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