Question

The Accounting Equation For each of the following cases, fill in the blank with the appropriate dollar amount. Case 1 Case 2 Case 3 Case 4 Total assets, end of period $36,300 $92,900 $69,800 Total liabilities, end of period 19,900 29,700 14,000 Capital stock, end of period 8,700 11,600 23,200 17,500 Retained earnings, beginning of period 13,100 10,600 11,100 25,100 Net income for the period 9,000 5,100 16,700 Dividends for the period 1,800 900 3,700

Answer 1

We Know the Formula. Total assets = Total Liabilities + Total Stockholders Equity Where as, Total Stockholders Equity = Capital stock + Ending Retained earning Ending Retained earnings = Beginning Retained earnings + Net income - Dividends Case 1 Case 2 Case 3 Case 4 Total assets at end of period $36,300 $ 46,300 $92,900 $69,800 Total liabilities at end of period $ 7,300 $ 19,900 $ 29,700 $14,000 Capital stock at end of period $ 8,700 $11,600 $ 23,200 $17,500 Retained earnings,Beginning of the period $13,100 $10,600 $11,100 $25,100 Net income for the period $ 9,000 $ 5,100 $32,600 $ 16,700 Dividends for the period $ 1,800 $ 900 $ 3,700 $ 3,500

1.6.2020-31.12.2020 - Microsoft Excel Home Insert Page Layout X Formulas Data Review View fr 2 Insert Function AutoSum Recently Financial Logical Text Date & Lookup & Math & More Used Time - Reference - Trigº Functions Function Library A20 fa a Define Name - Trace Precedents 5 Show Formulas IP Use in Formula Trace Dependents Error Checking Name Watch Manager Create from Selection Remove Arrows Remove Arrows fs Evaluate Formula Evaluate Formula Window Defined Names Formula Auditing Calculate Now Calculation Calculate Sheet Options Calculation А B с D E F 1 2 3 4 5 6 We know the Formula. Total assets = Total Liabilities + Total Stockholders Equity Where as, Total Stockholders Equity = Capital stock + Ending Retained earning Ending Retained earnings = Beginning Retained earnings + Net income - Dividends 7 8 9 10 11 12 13 Total assets at end of period Total liabilities at end of period Capital stock at end of period Retained earnings, Beginning of the period Net income for the period Dividends for the period Case 1 Case 2 Case 3 Case 4 36300 =D12+D13+D14+D1 92900 69800 =C11-C13-C14-C15+(19900 29700 14000 8700 11600 23200 17500 13100 10600 11100 25100 9000 5100 =E11-E12-E13-E14+E 16700 1800 900 3700 =SUM(F12:F15)-F11 14 15 16 17 18 19 20 21 22 23 24 25 26 Sheet558 Sheet560 Sheet562 Sheet564 July Sheet563 Sheet565 Daily Report III Sheet557 Sheet556 Circular References Ready BO 100% + O Type here to search e . 8:08 AM 7/2/2020