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cation.com/ext/map/index.html?_con=con&exter ork i Saved Required information Problem 1-2A (Algo) Computing missing information using accounting knowledge LO A1 [The following information applies to the questions displayed below.] The following financial statement information is from five separate companies. Company A Company B Company C Company D Company E Beginning of year Assets Liabilities $ 36,000 29,520 $ 28,080 $ 23,040 $ 64,080 $ 98,280 19,656 12,441 44,215 ? End of year Assets 41,000 29,520 ? 74,620 113,160 Liabilities ? 20,073 13,460 35,817 89,396 Changes during the year Owner investments 6,000 1,400 9,750 ? 6,500 Net income (loss) 9,470 ? 6,000 11,938 8,608 Owner withdrawals 3,500 2,000 5,875 0 11,000 Problem 1-2A (Algo) Part 5 5. Compute the amount of liabilities for Company E at the beginning of the year. End of Year Assets = Liabilities + Equity < Prev 18 of 22 Next>> tv a A Aa MAY 22 MacBook Pro 0 G Search or type URL 18888 & 7 * C < *

cation.com/ext/map/index.html?_con=con&exter ork i Saved Required information Problem 1-2A (Algo) Computing missing information using accounting knowledge LO A1 [The following information applies to the questions displayed below.] The following financial statement information is from five separate companies. Company A Company B Company C Company D Company E Beginning of year Assets Liabilities $ 36,000 29,520 $ 28,080 $ 23,040 $ 64,080 $ 98,280 19,656 12,441 44,215 ? End of year Assets 41,000 29,520 ? 74,620 113,160 Liabilities ? 20,073 13,460 35,817 89,396 Changes during the year Owner investments 6,000 1,400 9,750 ? 6,500 Net income (loss) 9,470 ? 6,000 11,938 8,608 Owner withdrawals 3,500 2,000 5,875 0 11,000 Problem 1-2A (Algo) Part 5 5. Compute the amount of liabilities for Company E at the beginning of the year. End of Year Assets = Liabilities + Equity < Prev 18 of 22 Next>> tv a A Aa MAY 22 MacBook Pro 0 G Search or type URL 18888 & 7 * C < *

Century 21 Accounting General Journal
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter17: Financial Statement Analysis
Section17.4: Analyzing Financial Statements Using Financial Ratios
Problem 1WT
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cation.com/ext/map/index.html?_con=con&exter ork i Saved Required information Problem 1-2A (Algo) Computing missing information using accounting knowledge LO A1 [The following information applies to the questions displayed below.] The following financial statement information is from five separate companies. Company A Company B Company C Company D Company E Beginning of year Assets Liabilities $ 36,000 29,520 $ 28,080 $ 23,040 $ 64,080 $ 98,280 19,656 12,441 44,215 ? End of year Assets 41,000 29,520 ? 74,620 113,160 Liabilities ? 20,073 13,460 35,817 89,396 Changes during the year Owner investments 6,000 1,400 9,750 ? 6,500 Net income (loss) 9,470 ? 6,000 11,938 8,608 Owner withdrawals 3,500 2,000 5,875 0 11,000 Problem 1-2A (Algo) Part 5 5. Compute the amount of liabilities for Company E at the beginning of the year. End of Year Assets = Liabilities + Equity < Prev 18 of 22 Next>> tv a A Aa MAY 22 MacBook Pro 0 G Search or type URL 18888 & 7 * C < *
Transcribed Image Text:cation.com/ext/map/index.html?_con=con&exter ork i Saved Required information Problem 1-2A (Algo) Computing missing information using accounting knowledge LO A1 [The following information applies to the questions displayed below.] The following financial statement information is from five separate companies. Company A Company B Company C Company D Company E Beginning of year Assets Liabilities $ 36,000 29,520 $ 28,080 $ 23,040 $ 64,080 $ 98,280 19,656 12,441 44,215 ? End of year Assets 41,000 29,520 ? 74,620 113,160 Liabilities ? 20,073 13,460 35,817 89,396 Changes during the year Owner investments 6,000 1,400 9,750 ? 6,500 Net income (loss) 9,470 ? 6,000 11,938 8,608 Owner withdrawals 3,500 2,000 5,875 0 11,000 Problem 1-2A (Algo) Part 5 5. Compute the amount of liabilities for Company E at the beginning of the year. End of Year Assets = Liabilities + Equity < Prev 18 of 22 Next>> tv a A Aa MAY 22 MacBook Pro 0 G Search or type URL 18888 & 7 * C < *
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