Omitted Financial Statement Data For the following four unrelated situations, A through D, calculate the unknown amounts appearing in each column: B C Beginning Assets $45,000 $32,000 $53,000 $ (d) Liabilities 32,000 15,000 49,000 19,000 Ending Assets 50,000 30,000 41,000 52,000 Liabilities 22,000 (b) 20,000 24,000 During Year Sales Revenue (a) 30,000 31,000 27,000 Expenses 12,000 22,000 12,000 19,000 Dividends 2,000 3,000 (c) 8,000 (a)$ 0 (b)$ 0 (c)$ 0 (d)$

Omitted Financial Statement Data For the following four unrelated situations, A through D, calculate the unknown amounts appearing in each column: B C Beginning Assets $45,000 $32,000 $53,000 $ (d) Liabilities 32,000 15,000 49,000 19,000 Ending Assets 50,000 30,000 41,000 52,000 Liabilities 22,000 (b) 20,000 24,000 During Year Sales Revenue (a) 30,000 31,000 27,000 Expenses 12,000 22,000 12,000 19,000 Dividends 2,000 3,000 (c) 8,000 (a)$ 0 (b)$ 0 (c)$ 0 (d)$

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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