Lynn Shackelford is the owner and operator of Our Idol LLC, a motivational consulting business. At the end of the accounting period, December 31, 2017, Our Idol had assets of $695,000 and liabilities of $167,000. Using the accounting equation, determine the following amounts:
a. Stockholders' equity as of December 31, 2017
b. Stockholders' equity as of December 31, 2018 assuming the assets increased by $132,000 and liabilities increased by $40,000, during 2018.
Lynn Shackelford is the owner and operator of Our Idol LLC, a motivational consulting business. At...
Katherine Brewer is the stockholder and operator of Our Idol LLC, a motivational consulting business. At the end of its accounting period, December 31, 2017, Our Idol has assets of $574,000 and liabilities of $138,000. Using the accounting equation, determine the following amounts: Stockholders' equity as of December 31, 2017? Stockholders' equity as of December 31, 2018, assuming that assets increased by $109,000 and liabilities decreased by $33,000 during 2018?
Accounting Equation Katherine Brewer is the stockholder and operator of Our Idol LLC, a motivational consulting business. At the end of its accounting period, December 31, 2012, Our Idol has assets of $513,000 and liabilities of $123,000. Using the accounting equation, determine the following amounts: a. Stockholders' equity as of December 31, 20Y2. b. Stockholders' equity as of December 31, 2043, assuming that assets decreased by $97,000 and liabilities decreased by $30,000 during 2073.
Accounting Equation Terry Fleming is the owner and operator of Go-For-It LLC, a motivational consulting business. At the end of its accounting period, December 31, 2018, Go-For-It has assets of $808,000 and liabilities of $194,000. Using the accounting equation, determine the following amounts: a. Owner's equity as of December 31, 2018. b. Owner's equity as of December 31, 2019, assuming that assets increased by $154,000 and liabilities increased by $47,000 during 2019.
John Joos is the stockholder and operator of You're A Star LLC, a motivational consulting business. At the end of its accounting period, December 31, 2017, You're A Star has assets of $554,000 and liabilities of $133,000. Using the accounting equation, determine the following amounts: a. Stockholders' equity as of December 31, 2017. $ b. Stockholders' equity as of December 31, 2018, assuming that assets increased by $105,000 and liabilities decreased by $32,000 during 2018. $
Sid Summitt is the owner and operator of Go-For-It LLC, a motivational consulting business. At the end of its accounting period, December 31, 2018, Go-For-It has assets of $624,000 and liabilities of $150,000. Using the accounting equation, determine the following amounts: a. Owner's equity as of December 31, 2018 What I think the answer is for answer a: $474,000 b. Owner's equity as of December 31, 2019, assuming that assets increased by $119,000 and liabilities increased by $36,000 during 2019....
1.John is the owner and operator of A Star Company, a motivational consulting business. At the end of its accounting period, December 31, 2017, A Star has assets of $900,000 and liabilities of $250,000. Using the accounting equation, determine the following amounts: A. Owner's equity, as of December 31, 2017 B. Owner's equity, as of December 31, 2018, Assuming that assets increased by $230,000 and liabilities decreased by $30,000 during 2018
Accounting Equation Lynn Shackelford is the stockholder and operator of You're A Star LLC, a motivational consulting business. At the end of its accounting period, December 31, 20Y2, You're A Star has assets of $734,000 and liabilities of $176,000. Using the accounting equation, determine the following amounts: a. Stockholders' equity as of December 31, 20Y2. b. Stockholders' equity as of December 31, 2043, assuming that assets decreased by $139,000 and liabilities decreased by $42,000 during 2043.
Accounting Equation Sid Summit is the stockholder and operator of Personality Shine LLC, a motivational consulting business. At the end of its accounting period, December 31 2012 Personality Shine has assets of $682,000 and l e s of $164,000. Using the accounting equation, determine the following amounts: Stockholders equity as of December 31, 2012 Stockholders' equity as of December 31, 2013, a mi t assets increased by $130,000 and liabilities increased by $39,000 during 2073.
Inspirational Inc. is a motivational consulting business. At the end of its accounting period, December 31, 2017, Inspirational has assets of $623,840 and liabilities of $197,130. Using the accounting equation and considering each case independently, determine the following amounts. a. Stockholders' equity as of December 31, 2017. b. Stockholders' equity as of December 31, 2018, assuming that assets increased by $98,570 and liabilities increased by $59,260 during 2018. Stockholders' equity as of December 31, C. 2018, assuming that assets decreased...
Accounting Equation Inspirational Inc. is a motivational consulting business. At the end of its accounting period, December 31, 2017, Inspirational has assets of $588,480 and liabilities of $185,960. Using the accounting equation and considering each case independently, determine the following amounts. a. Stockholders' equity as of December 31, 2017. $ 402,520 b. Stockholders' equity as of December 31, 2018, assuming that assets increased by $92,980 and liabilities increased by $55,910 during 2018. C. Stockholders' equity as of December 31, 2018,...