One item is omitted in each of the following summaries of balance sheet and income statement data for the following four different corporations Determine the missing amounts. Hint: First determine the amount of increase or decrease in stockholders' equity during the year. Freeman Heyward Jones Beginning of the year: Assets Liabilities End of the year: Assets Liabilities During the year: Additional common stock issued Dividends Revenue Expenses $510,800 306,500 633,400 275,800 112,400 ✓ 35,800 168,600 91,900 $587,400 305,400 822,400 258,500 117,500 35,200 352,300 ✔ 152,700 $224,800 170,800 202,300 179,800 22,500 36,000 ✓ 258,500 276,500 Ramirez 351,200 X $287,300 593,800 325,600 95,800 140,500 268,200 306,500

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

One item is omitted in each of the following summaries of balance sheet and income statement data for the following four different corporations:
Determine the missing amounts.
Hint: First determine the amount of increase or decrease in stockholders' equity during the year.
Freeman
Heyward
Jones
Beginning of the year:
Assets
Liabilities
End of the year:
Assets
Liabilities
During the year:
Additional common stock issued
Dividends
Revenue
Expenses
$510,800
306,500
633,400
275,800
112,400
$587,400
305,400
822,400
258,500
117,500
35,200
35,800
168,600 352,300
91,900
152,700
$224,800
170,800
202,300
179,800
22,500
36,000 ✓
258,500
276,500
Ramirez
351,200 X
$287,300
593,800
325,600
95,800
140,500
268,200
306,500
Transcribed Image Text:One item is omitted in each of the following summaries of balance sheet and income statement data for the following four different corporations: Determine the missing amounts. Hint: First determine the amount of increase or decrease in stockholders' equity during the year. Freeman Heyward Jones Beginning of the year: Assets Liabilities End of the year: Assets Liabilities During the year: Additional common stock issued Dividends Revenue Expenses $510,800 306,500 633,400 275,800 112,400 $587,400 305,400 822,400 258,500 117,500 35,200 35,800 168,600 352,300 91,900 152,700 $224,800 170,800 202,300 179,800 22,500 36,000 ✓ 258,500 276,500 Ramirez 351,200 X $287,300 593,800 325,600 95,800 140,500 268,200 306,500
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