Question

Required information [The following information applies to the questions displayed below.) The following financial statement information is from five separate companies. Company Саптipany B Company Company D Company $41,000 33,620 $31,980 22,386 $26,240 14,169 $72,980 50,356 $ 111,930 2 December 31, 2018 Assets Liabilities December 31, 2019 Assets Liabilities During year 2019 Stock issuances Net income (loss) Cash dividends 46,000 2 33,120 22,521 83,720 40,185 15, 101 126,960 100, 298 6,000 10,820 3,500 1,400 ? 2,000 9,750 5,700 5,875 2 13,911 0 6,500 8,776 11,000 2a. What is the amount of equity on December 31, 2018 for Company B. Assets Liabilities Equity $ 0 2b. What is the amount of equity on December 31, 2019 for Company B. Assets Liabilities Equity $ 0 2c. What is net income for year 2019 for Company B. Statement of Shareholder's Equity Equity, December 31, 2018 0 Equity, December 31, 2019

must say what to fill in the boxes for 2a, 2b, 2c

Answer 1

1. Company B -

Company B $ 31,980 $ 22,386 December 31, 2018 Assets Liabilities December 31, 2019 Assets Liabilities During Year 2019 Stock Issuance Net Income (Loss) Cash Dividends $ $ 33,120 22,521 $ $ $ 1,400 1,605 (2,000)

2.a Company B (2018) -

= Assets $ 31,980 Company B (2018) Liabilities + $ 22,386 + Equity $ 9,594

2.b Company B (2019) -

= Company B (2019) Liabilities $ 22,521 Assets $ 33,120 + Equity $ 10,599 +

2.c Statement of Shareholder's Equity -

Statement of Shareholder's Equity Equity December 31, 2018 $ 9,594 (+) Stock Issuance $ 1,400 (+) Net Income $ 1,605 (-) Dividend $ (2,000) Equity December 31, 2019 $ 10,599