Determine the missing amounts. (Hint: For example, to solve for (a), Assets - Liabilities - Owner's equity = $29,000.) January 1, 2022 Assets Liabilities Owner's equity December 31, 2022 Assets Liabilities Owner's equity Owner's equity changes in year Additional investment Drawings Total revenues Total expenses Oriole Company $78,000 49,000 59,000 52,000 18,000 348,000 331,000 (a) (b) (c) Pharoah Company $89,000 41,000 106,000 75,000 6,000 413,000 382,000 (d) (e) (f) $ Sheridan Company 84,000 48,000 189,000 78,000 10,400 12,100 351,000 (1) (h)

Determine the missing amounts. (Hint: For example, to solve for (a), Assets - Liabilities - Owner's equity = $29,000.) January 1, 2022 Assets Liabilities Owner's equity December 31, 2022 Assets Liabilities Owner's equity Owner's equity changes in year Additional investment Drawings Total revenues Total expenses Oriole Company $78,000 49,000 59,000 52,000 18,000 348,000 331,000 (a) (b) (c) Pharoah Company $89,000 41,000 106,000 75,000 6,000 413,000 382,000 (d) (e) (f) $ Sheridan Company 84,000 48,000 189,000 78,000 10,400 12,100 351,000 (1) (h)

Name: Determine the missing amounts. (Hint: For example, to solve for (a),
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Description: Determine the missing amounts. (Hint: For example, to solve for (a), Assets - Liabilities - Owner's equity = $29,000.)January 1,2022AssetsLiabilitiesOwner'sequityDecember31, 2022AssetsLiabilitiesOwner'sequityOwner'sequitychanges inyearAdditionalinve

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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