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 IP" 29,000 111,000 59,000 52,000 (a) 24,000 (c) 18,000 (b) 348,000 331,000 Pharoah Company $89,000 48,000 (d) 41,000 106,000 75,000 31,000 6,000 47,000 413,000 382,000 (e) (f) $ Sheridan Company 132,000 84,000 48,000 189,000 111,000 (h) 78,000 10,400 382.700 12,100 351,000 (1) (g) [ [ [
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 IP" 29,000 111,000 59,000 52,000 (a) 24,000 (c) 18,000 (b) 348,000 331,000 Pharoah Company $89,000 48,000 (d) 41,000 106,000 75,000 31,000 6,000 47,000 413,000 382,000 (e) (f) $ Sheridan Company 132,000 84,000 48,000 189,000 111,000 (h) 78,000 10,400 382.700 12,100 351,000 (1) (g) [ [ [
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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3
(b)
Prepare the owner's equity statement for Oriole Company. (List items that increase owner's equity first.)
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ORIOLE COMPANY
Owner's Equity Statement
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C](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F93d6464e-f155-4940-8921-7114e2ab97cc%2Fcbe61c3f-b655-4471-a701-35ebfd6252f3%2F9p87c5_processed.jpeg&w=3840&q=75)
Transcribed Image Text:#
3
(b)
Prepare the owner's equity statement for Oriole Company. (List items that increase owner's equity first.)
eTextbook and Media
Save for Later
4
%
5
ORIOLE COMPANY
Owner's Equity Statement
$
Search or type URL
6
&
7
$
Attempts: 0 of 5 used
*
8
Submit Answer
+
C
![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
29,000 (a)
111,000 (b)
59,000
52,000
24,000 (c)
18,000
348,000
331,000
Pharoah
Company
$89,000
48,000 (d)
41,000
106,000
75,000
31,000
6,000
47,000
413,000
382,000
(e)
(f)
$
Sheridan
Company
132,000
84,000
48,000
111,000
189,000 [
78,000
10,400
382,700
12,100
351,000
(i)
(g)
(h)
[
[](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F93d6464e-f155-4940-8921-7114e2ab97cc%2Fcbe61c3f-b655-4471-a701-35ebfd6252f3%2Fnznznrc_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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
29,000 (a)
111,000 (b)
59,000
52,000
24,000 (c)
18,000
348,000
331,000
Pharoah
Company
$89,000
48,000 (d)
41,000
106,000
75,000
31,000
6,000
47,000
413,000
382,000
(e)
(f)
$
Sheridan
Company
132,000
84,000
48,000
111,000
189,000 [
78,000
10,400
382,700
12,100
351,000
(i)
(g)
(h)
[
[
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