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Beginning of year Assets Liabilities End of year Assets Liabilities Changes during the year Stock issuances Net income (loss) Cash dividends Problem 1-2A (Algo) Part 1 Company A $ 45,000 36,900 50,000 ? 6,000 11,900 3,500 Required: 1a. What is the amount of equity & the beginning of the ye 1b. What is the amount of equity at the end of the year for 1c. What is the amount of liabilities at the end of the year f

Beginning of year Assets Liabilities End of year Assets Liabilities Changes during the year Stock issuances Net income (loss) Cash dividends Problem 1-2A (Algo) Part 1 Company A $ 45,000 36,900 50,000 ? 6,000 11,900 3,500 Required: 1a. What is the amount of equity & the beginning of the ye 1b. What is the amount of equity at the end of the year for 1c. What is the amount of liabilities at the end of the year f

FINANCIAL ACCOUNTING
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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Beginning of year Assets Liabilities End of year Assets Liabilities Changes during the year Stock issuances Net income (loss) Cash dividends Problem 1-2A (Algo) Part 1 Company A Company B $ 45,000 36,900 $ 35,100 24,570 50,000 ? Required 1A Required 1B Required 1C 6,000 11,900 3,500 36,000 24,480 1,400 ? 2,000 Company C $ 28,800 15,552 Complete this question by entering your answers in the tabs below. Required: 1a. What is the amount of equity at the beginning of the year for Company A? 1b. What is the amount of equity at the end of the year for Company A? 1c. What is the amount of liabilities at the end of the year for Company A? What is the amount of equity at the beginning of the year for Company A? ? 16,415 9,750 5,100 5,875 Company D $ 80,100 55,268 91,000 43,680 ? 15,488 0 Company E $ 122,850 ? 138,000 109,020 6,500 8,910 11,000
Transcribed Image Text:Beginning of year Assets Liabilities End of year Assets Liabilities Changes during the year Stock issuances Net income (loss) Cash dividends Problem 1-2A (Algo) Part 1 Company A Company B $ 45,000 36,900 $ 35,100 24,570 50,000 ? Required 1A Required 1B Required 1C 6,000 11,900 3,500 36,000 24,480 1,400 ? 2,000 Company C $ 28,800 15,552 Complete this question by entering your answers in the tabs below. Required: 1a. What is the amount of equity at the beginning of the year for Company A? 1b. What is the amount of equity at the end of the year for Company A? 1c. What is the amount of liabilities at the end of the year for Company A? What is the amount of equity at the beginning of the year for Company A? ? 16,415 9,750 5,100 5,875 Company D $ 80,100 55,268 91,000 43,680 ? 15,488 0 Company E $ 122,850 ? 138,000 109,020 6,500 8,910 11,000
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