Walco corporation
a.
Beginning assets = Beginning total liabilities + Beginning stockholders equity
114,000 = 63,000 + Beginning stockholders equity
Beginning stockholders' equity = $51,000
b.
Ending assets = Ending total liabilities + Ending stockholders equity
= 115,000 + 51,000
= $166,000
c.
Ending stockholders equity = Beginning stockholders equity + Total revenue - Total expense - Dividend
51,000 = 51,000 + 219,000 - 167,000 - Dividend
Dividend = $52,000
Gunther enterprises
d.
Beginning assets = Beginning total liabilities + Beginning stockholders equity
155,000 = Beginning total liabilities + 73,700
Beginning total liabilities = $81,300
e.
Ending assets = Ending total liabilities + Ending stockholders equity
177,000 = 56,000 + Ending stockholders equity
Ending stockholders equity = $121,000
f.
Ending stockholders equity = Beginning stockholders equity + Total revenue - Total expense - Dividend
121,000 = 73,700 + Total revenue - 81,000 - 4,000
Total revenue = 121,000 + 81,000 + 4,000 - 73,700
= $132,300
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Determine the missing amounts. Assume all changes in stockholders' equity are due to changes in retained...
Determine the missing amounts. Assume all changes in stockholders' equity are due to changes in retained earnings. Walco Corporation Gunther Enterprises Beginning of year Total assets $116,000 $147,000 Total liabilities 77,000 80300 (d) Total stockholders' equity 1 66,700 End of year 39000 17800 (2) (0) Total assets 174,000 Total liabilities 125,000 57,000 Total stockholders' equity 52,800 117000 (C) Changes during year in retained earnings Dividends (0 5,400 5,400 Total revenues 220,000 117000 Total expenses 170,000 76,000
In Accounting
The summaries of data from the balance sheet, income statement, and retained earnings statement for two corporations, Walco Corporation and Gunther Enterprises, are presented below for 2022. Determine the missing amounts. Assume all changes in stockholders' equity are due to changes in retained earnings. Walco Corporation Gunther Enterprises Beginning of year Total assets $144,000 $120,000 62,000 Total liabilities $ Total stockholders' equity 75,000 End of year Total assets 178,000 Total liabilities 129,000 51,000 Total stockholders' equity 51,100 $...
Exercise 1-16 The summaries of data from the balance sheet, income statement, and retained earnings statement for two corporations, Walco Corporation and Gunther Enterprises, are presented below for 2017. Determine the missing amounts. Assume all changes in stockholders' equity are due to changes in retained earnings. Walco Corporation $120,000 62,000 Gunther Enterprises Beginning of year Total assets $144,000 Total liabilities Total stockholders' equity 75,000 End of year 178,000 Total assets Total liabilities Total stockholders' equity 129,000 51,000 51,100 Changes during...
The summaries of data from the balance sheet, income statement, and retained earnings statement for two corporations, Walco Corporation and Gunther Enterprises, are presented below for 2022. Determine the missing amounts. Assume all changes in stockholders' equity are due to changes in retained earnings. Walco Corporation Gunther Enterprises Beginning of year $156,000 $111,000 Total assets 82,100 (d) 72,000 24 Total liabilities 73,900 %24 39,000 (a) Total stockholders' equity End of year 177,000 (Ь) 183,400 Total assets 57,000 130,000 Total liabilities...
Exercise 1-20 The summaries of data from the balance sheet, income statement, and retained earnings statement for two corporations, Walco Corporation and Gunther Enterprises, are presented below for 2022. Determine the missing amounts. Assume all changes in stockholders' equity are due to changes in retained earnings. Walco Corporation Gunther Enterprises Beginning of year Total assets $114,000 $151,000 Total liabilities 77,000 (d) Total stockholders' equity (a) 71,800 End of year Total assets 183,000 $ (b) 113,000 Total liabilities 59,000 Total stockholders'...
having an issue with solving for f!!
The summaries of data from the balance sheet, income statement, and retained earnings statement for two corporations Walco Corporation and Gunther Enterprises, are presented below for 2017. Determine the missing amounts. Assume all changes in stockholders' equity are due to changes in retained earnings Walco Corporation Gunther Enterprises Beginning of year 112,000 154,000 Total assets Total liabilities Total stockholders' equity 67,000 $ 83,600 (d) 45,000 (a) 70,400 End of year Total assets Total...
The summaries of data from the balance sheet, income statement, and retained earnings statement for two corporations, Walco Corporation and Gunther Enterprises, are presented below for 2022. Determine the missing amounts. Assume all changes in stockholders' equity are due to changes in retained earnings. Walco Corporation Gunther Enterprises Beginning of year Total assets $143,000 $109,000 79,000 Total liabilities $ Total stockholders' equity (a) 71,600 End of year Total assets 171,000 Total liabilities 114.000 55,000 Total stockholders' equity 54,400 $ Changes...
The summaries of data from the balance sheet, income statement, and retained earnings statement for two corporations, Walco Corporation and Gunther Enterprises, are presented below for 2017 Determine the missing amounts. Assume all changes in stockholders' equity are due to changes in retained earnings Walco Corporation $117,000 72,000 Gunther Enterprises Beginning of year Total assets $159,000 Total liabilities Total stockholders' equity 71,300 End of year 182,000 Total assets Total liabilities Total stockholders' equity 120,000 59,000 51,900 Changes during year in...
The summaries of data from the balance sheet, income statement, and retained earnings statement for two corporations, Walco Corporation and Gunther Enterprises, are presented below for 2017. Determine the missing amounts. Assume all changes in stockholders' equity are due to changes in retained earnings. Walco Corporation Gunther Enterprises Beginning of year Total assets $149,000 $100,000 62,000 Total liabilities (d) 70,000 Total stockholders' equity End of year Total assets 174,000 Total liabilities 60,000 120,000 51,400 Total stockholders' equity Changes during year...
The summaries of data from the balance sheet, income statement, and retained earnings statement for two corporations, Walco Corporation and Gunther Enterprises, are presented below for 2022. Determine the missing amounts. Assume all changes in stockholders' equity are due to changes in retained earnings. Walco Corporation Gunther Enterprises Beginning of year Total assets $116,000 $147,000 Total liabilities 80,300 (d) 77,000 $ 39,000 (a) Total stockholders' equity 66,700 End of year Total assets 177,800 (b) 174,000 Total liabilities 125,000 57,000 Total...