Business, 23.01.2020 04:31 kimezzell18

The following financial statement information is from five separate companies:

company
a company
b company
c company
d company
e
december 31, 2012
assets $ 55,000 $ 34,000 $ 24,000 $ 60,000 $ 119,000
liabilities 24,500 21,500 9,000 40,000 ?
december 31, 2013
assets 58,000 40,000 ? 85,000 113,000
liabilities ? 26,500 29,000 24,000 70,000
during year 2013
owner investments 6,000 1,400 9,750 ? 6,500
net income (loss) 8,500 ? 8,000 14,000 20,000
owner cash withdrawals 3,500 2,000 5,875 0 11,000

company a

#1. what is the amount of equity on december 31, 2012 for company a.

#2. what is the amount of equity on december 31, 2013 for company a

#3. what is the amount of liabilities on december 31, 2013 for company a

company b

#1. what is the amount of equity on december 31, 2012 company b

#2. what is the amount of equity on december 31, 2013 company b

#3. what is net income for year 2013 company b

#4. create a statement of owners equity

(equity, december 31st, 2012 = )

(equity, december 31st, 2013 = )

company c

#1. calculate the amount of assets for company c on december 31, 2013

#2. create a statement of owners equity

(equity, december 31st, 2012 = )

(equity, december 31st, 2013 = )

company d

#1. calculate the amount of owner investments for company d during year 2013.

#2. create a statement of owners equity

(equity, december 31st, 2012 = )

(equity, december 31st, 2013 = )

company e

#1. calculate the amount of liabilities for company e on december 31, 2012.

#2. create a statement of owners equity

(equity, december 31st, 2012 = )

(equity, december 31st, 2013 = )

Answers: 1

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