7 Part 3 of 3 Required information [The following information applies to the questions displayed below.] The following financial statement information is from five separate companies. Beginning of year Assets Liabilities Company A Company B Company C Company D Company E $ 48,000 39,360 $ 37,440 26,208 $ 30,720 16,588 $ 85,440 58,953 $ 131,040 ? End of year Assets 53,000 38,160 ? 96,460 Liabilities ? 25,948 17,399 46,300 146,280 115,561 Changes during the year Stock issuances 6,000 1,400 9,750 ? 6,500 Net income (loss) 12,710 ? 6,500 16,673 9,011 Cash dividends 3,500 2,000 5,875 11,000 3. Compute the amount of assets for Company C at the end of the year. 4. Compute the amount of stock issuances for Company D during the year. 5. Compute the amount of liabilities for Company E at the beginning of the year. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 3 Required 4 Required 5 Compute the amount of liabilities for Company E at the beginning of the year. End of Year Assets Liabilities Equity 146,280 ( 115,561 30,719 Equity, beginning of year $ 30,719 Add: Net income 9,011 Add: Stock issuances 6,500 46,230 Less: Cash dividends 11,000 Equity, end of year 30,719 Beginning of Year Assets Liabilities 131,040 104,529 Equity 26,511 < Required 4 Required 5 >
7 Part 3 of 3 Required information [The following information applies to the questions displayed below.] The following financial statement information is from five separate companies. Beginning of year Assets Liabilities Company A Company B Company C Company D Company E $ 48,000 39,360 $ 37,440 26,208 $ 30,720 16,588 $ 85,440 58,953 $ 131,040 ? End of year Assets 53,000 38,160 ? 96,460 Liabilities ? 25,948 17,399 46,300 146,280 115,561 Changes during the year Stock issuances 6,000 1,400 9,750 ? 6,500 Net income (loss) 12,710 ? 6,500 16,673 9,011 Cash dividends 3,500 2,000 5,875 11,000 3. Compute the amount of assets for Company C at the end of the year. 4. Compute the amount of stock issuances for Company D during the year. 5. Compute the amount of liabilities for Company E at the beginning of the year. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 3 Required 4 Required 5 Compute the amount of liabilities for Company E at the beginning of the year. End of Year Assets Liabilities Equity 146,280 ( 115,561 30,719 Equity, beginning of year $ 30,719 Add: Net income 9,011 Add: Stock issuances 6,500 46,230 Less: Cash dividends 11,000 Equity, end of year 30,719 Beginning of Year Assets Liabilities 131,040 104,529 Equity 26,511 < Required 4 Required 5 >
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
not use ai please
![7
Part 3 of 3
Required information
[The following information applies to the questions displayed below.]
The following financial statement information is from five separate companies.
Beginning of year
Assets
Liabilities
Company A Company B Company C Company D Company E
$ 48,000
39,360
$ 37,440
26,208
$ 30,720
16,588
$ 85,440
58,953
$ 131,040
?
End of year
Assets
53,000
38,160
?
96,460
Liabilities
?
25,948
17,399
46,300
146,280
115,561
Changes during the year
Stock issuances
6,000
1,400
9,750
?
6,500
Net income (loss)
12,710
?
6,500
16,673
9,011
Cash dividends
3,500
2,000
5,875
11,000
3. Compute the amount of assets for Company C at the end of the year.
4. Compute the amount of stock issuances for Company D during the year.
5. Compute the amount of liabilities for Company E at the beginning of the year.
Answer is complete but not entirely correct.
Complete this question by entering your answers in the tabs below.
Required 3 Required 4 Required 5
Compute the amount of liabilities for Company E at the beginning of the year.
End of Year
Assets
Liabilities
Equity
146,280 (
115,561
30,719
Equity, beginning of
year
$
30,719
Add: Net income
9,011
Add: Stock issuances
6,500
46,230
Less: Cash dividends
11,000
Equity, end of year
30,719
Beginning of Year
Assets
Liabilities
131,040
104,529
Equity
26,511
< Required 4
Required 5 >](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F31ba377c-a0cf-4208-80e5-151b79b6995c%2Ff680f42c-1b6a-46c2-8931-9a405e650304%2F4zoxvd0g_processed.jpeg&w=3840&q=75)
Transcribed Image Text:7
Part 3 of 3
Required information
[The following information applies to the questions displayed below.]
The following financial statement information is from five separate companies.
Beginning of year
Assets
Liabilities
Company A Company B Company C Company D Company E
$ 48,000
39,360
$ 37,440
26,208
$ 30,720
16,588
$ 85,440
58,953
$ 131,040
?
End of year
Assets
53,000
38,160
?
96,460
Liabilities
?
25,948
17,399
46,300
146,280
115,561
Changes during the year
Stock issuances
6,000
1,400
9,750
?
6,500
Net income (loss)
12,710
?
6,500
16,673
9,011
Cash dividends
3,500
2,000
5,875
11,000
3. Compute the amount of assets for Company C at the end of the year.
4. Compute the amount of stock issuances for Company D during the year.
5. Compute the amount of liabilities for Company E at the beginning of the year.
Answer is complete but not entirely correct.
Complete this question by entering your answers in the tabs below.
Required 3 Required 4 Required 5
Compute the amount of liabilities for Company E at the beginning of the year.
End of Year
Assets
Liabilities
Equity
146,280 (
115,561
30,719
Equity, beginning of
year
$
30,719
Add: Net income
9,011
Add: Stock issuances
6,500
46,230
Less: Cash dividends
11,000
Equity, end of year
30,719
Beginning of Year
Assets
Liabilities
131,040
104,529
Equity
26,511
< Required 4
Required 5 >
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education