Beginning of the year: Total Assets. $129,000 Total liabilities (a) Total Owner's Equity $85,000 End of...
Beginning of the year:
Total Assets. $129,000
Total liabilities (a)
Total Owner's Equity $85,000
End of year:
Total Assets 180,000
Total Liabilities 50,000
Total Owner's equity 130,000
Changes during year in owner's equity:
Additional Investments 25,000
Drawings (b)
Total Revenues. 100,000
Total Expenses 65,000
Please solve for a&b and show the calculations.
Homework Answers
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Beginning of the year:
Total Assets. $129,000
Total liabilities (a)
Total Owner's Equity $85,000
End of...
Determine the missing amounts Two items are omitted from each of the following summaries of balance...
Determine the missing amounts
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prepare owner's equity statement
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Determine the missing amounts. (Hint: For example, to solve for (a), Assets – Liabilities = Owner’s...
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At the beginning of the year, Wildhorse Company had total assets of $831,000 and total liabilities...
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Determine the missing amounts
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prepare owner's equity statement
Determine the missing amounts. (Hint For example, to solve for (a). As Cullumber Company January 1, 2017 Assets $80,630 49.700 Liabilities Owner's equity 30,930 December 31, 2017 Assets 113.080 (b) Liabilities 61.930 Owner's equity 51.150 Owner's equity changes in year Additional investment 19.850 C Drawings 17.130 Total revenues 349 100 Total expenses 331.600 e Textbook and Media Owner's Equity Statement For the Year Ended December 31, 2020 Owner's Capital, January 1 e Textbook and Media e...
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Determine the missing amounts. (Hint: For example, to
solve for (a), Assets – Liabilities = Owner’s equity =
$32,960.)
Wildhorse Company Beta Company Psi Company Omega Company January 1, 2017 Assets $80,320 33,580 (8) $145,000 $89,740 $ 47,380 (d) Liabilities 47,360 84,310 53,640 Owner's equity 32,960 (a) 42,360 50,730 91.360 December 31, 2017 Assets 114,700 172,300 41.300 (k) 11,630 (b) 61,750 Liabilities 70.600 88,910 (h) 107,800 Owner's equity 50,120 44100 (e) 83,390 149,100 Owner's equity changes in year Additional investment...
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