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
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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Subject- accounting

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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