Company Company Company Company Company A B D E December 31, 2018 Assets ... $55,000 $34,000 $24,000 $60,000 $119,000 Liabilities... 24,500 21,500 9,000 40,000 ? December 31, 2019 Assets . 58,000 40,000 ? 85,000 113,000 Liabilities... 26,500 29,000 24,000 70,000 During year 2019 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 11,000

Company Company Company Company Company A B D E December 31, 2018 Assets ... $55,000 $34,000 $24,000 $60,000 $119,000 Liabilities... 24,500 21,500 9,000 40,000 ? December 31, 2019 Assets . 58,000 40,000 ? 85,000 113,000 Liabilities... 26,500 29,000 24,000 70,000 During year 2019 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 11,000

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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Subject:Accounting