2. Ascertain the missing items (A-L) in the following independent situations. (Note: You do not have to find the answers in any particular sequence.) 1 2 Assets, January 1 Assets, December 31 Liabilities, January 1 Liabilities, December 31 Owners' equity, January 1 Owners' equity, December 31 Revenues Expenses Contributions by owners Withdrawals by owners Net income $ 5,000 $ 8,000 A $3,000 $3,000 B $20,000 $18,500 C 500 D E F $ 2,000 $ 2,200 $ 4,000 $ 4,800 $ 15,000 G H 2,200 2,000 3 I $9,000 $3,000 J K $ 7,000 L $ 20,000 $0 $3,000 $5,000

2. Ascertain the missing items (A-L) in the following independent situations. (Note: You do not have to find the answers in any particular sequence.) 1 2 Assets, January 1 Assets, December 31 Liabilities, January 1 Liabilities, December 31 Owners' equity, January 1 Owners' equity, December 31 Revenues Expenses Contributions by owners Withdrawals by owners Net income $ 5,000 $ 8,000 A $3,000 $3,000 B $20,000 $18,500 C 500 D E F $ 2,000 $ 2,200 $ 4,000 $ 4,800 $ 15,000 G H 2,200 2,000 3 I $9,000 $3,000 J K $ 7,000 L $ 20,000 $0 $3,000 $5,000

Name: 2. Ascertain the missing items (A-L) in the following independent sit
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Description: 2. Ascertain the missing items (A-L) in the following independent situations. (Note:You do not have to find the answers in any particular sequence.)12Assets, January 1Assets, December 31Liabilities, January 1Liabilities, December 31Owners' equity, J

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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