Question

just need last collumn , pls help:)

Question 4 of 6 < - / 1 (a) - Your answer is partially correct. Determine the missing amounts. (Hint: For example, to solve for (a). Assets - Liabilities - Owner's equity - 534,150.) Wildhorse Company Beta Company Psi Company January 1 2017 Assets $81.760 $92.270 $ 128,810 47.610 53,570 (d) 80 860 34 150 lal 38.700 Liabilities Owner's equilty December 31, 2017 Assets 47.950 109,120 (b) 110.500 182 200 Uabilities 60.160 1024,880 102.730 48.960 35.620 le 79.470 Owner's equity Owner's equity changes in year Additional Investment Drawings Total revenues Total expenses 11.240 c) 7.820 10.060 14,530 39.000 12.010 349 400 413.300 382.670 331,300 384.400 349 200 4 e Textbook and Media Attempts: 1 of used (b) o w

Answer 1

Sol Since question asked relating Omega Company, let me put Information given in question relaing Omega company Assets As on January 1,2017 $ 1,52,600 Laibilities As on January 1, 2017 $ 65,460 Question 1 Owners equity As on January 1,2017 $ 87,140 Assets As on December 31, 2017 Laibilities As on December 31,2017 Owners equity As on December 31,2017 $ $ $ 2,65,400 Question 2 1,08,900 1,56,500 Owners Equity changes in the year Additional Investment Drawings Total Revenue Total Expenses $ $ $ $ 12,700 10,900 5,08,800 4,41,240 Question 3 we use this formula to solve Question 1 and 2 Assets- Liabilities = Owners Equity Sol: Question 1 152600-Liabilities =87140

152600 - 87140=Liabilities Laibilities As on January 1, 2017 $ 65,460 Sol: Question 1 Assets-108900 =156500 Assets=156500+108900 Assets As on December 31,2017 $ 2,65,400 Sol:Question 3 To solve question there we need to calculate changes in owners equity Changes in Owners Equity Owners equity As on December 31, 2017 Owners equity As on January 1,2017 Change in Equity $ $ $ 1,56,500 87,140 69,360 We can also calculate Change in owners equity with below formula

Change in Owners equity = Addition Investment+Revenue - Expenses-Drawings Lets incorporate number to find missing number 69360 = 12700+508800-Expenses-10900 69360 = 510600 - Expenses Expenses = 510600 - 69360 Total Expenses $ 4,41,240