Required information Required 3 Required 4 Required 5 Compute the amount of liabilities for Company E at the beginning of the year. End of Year $ Assets 111,930 X = Equity, beginning of year Add: Stock issuances Add: Net income Less: Cash dividends Equity, end of year $ Beginning of Year Assets 126,960 ✓ $ $ WAGWCH IS CVIPicte UL TIVE CHCry Un $ = $ Liabilities 89,543 + $ 22,387 x 6,500 8,775 x 37,662 11,000 26,662 Liabilities + 100,298 + + $ < Required 4 Equity 22,387 Equity 26,662x Required 5 > S

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Compute the amount of liabilities for Company E at the beginning of the year.
Required information
Required 3 Required 4 Required 5
Compute the amount of liabilities for Company E at the beginning of the year.
End of Year
$
Assets
Equity, beginning of
year
Add: Stock issuances
Add: Net income
Less: Cash dividends
Equity, end of year
$
111,930 X = $
Beginning of Year
Assets
A
=
126,960
$
$
WAUGHGH IS Linipite but it muncry VII
$
Liabilities
M.
89,543 + $
22,387
6,500
8,775 x
37,662
11,000✔
26,662
Liabilities
+
100,298
+
+ $
< Required 4
Equity
22,387
Equity
26,662
< Prev
Required 5 >
S
18
of 20
www
EES
Transcribed Image Text:Required information Required 3 Required 4 Required 5 Compute the amount of liabilities for Company E at the beginning of the year. End of Year $ Assets Equity, beginning of year Add: Stock issuances Add: Net income Less: Cash dividends Equity, end of year $ 111,930 X = $ Beginning of Year Assets A = 126,960 $ $ WAUGHGH IS Linipite but it muncry VII $ Liabilities M. 89,543 + $ 22,387 6,500 8,775 x 37,662 11,000✔ 26,662 Liabilities + 100,298 + + $ < Required 4 Equity 22,387 Equity 26,662 < Prev Required 5 > S 18 of 20 www EES
Required information
Problem 1-2A (Algo) Computing missing information using accounting knowledge LO A1
[The following information applies to the questions displayed below.]
The following financial statement information is from five separate companies.
Beginning of year
Assets
Liabilities
End of year
Assets
Liabilities
Changes during the year
Stock issuances
Net income (loss)
Cash dividends
Company A
$ 41,000
33,620
46,000
?
6,000
10,820
3,500
Company B
$ 31,980
22,386
33,120
22,521
1,400
?
2,000
I
Company C
$ 26,240
14,169
?
15,101
9,750
7,400
5,875
Problem 1-2A (Algo) Parts 3-5
3. Compute the amount of assets for Company C at the end of the year.
4. Compute the amount of stock issuances for Company D during the year.
5. Compute the amount of liabilities for Company E at the beginning of the year.
Answer is complete but not entirely correct.
Company D
$ 72,980
50,356
83,720
40,185
2
13,911
0
Company E
$ 111,930
?
126,960
100,298
Tar. It does
6,500
8,776
11,000
Transcribed Image Text:Required information Problem 1-2A (Algo) Computing missing information using accounting knowledge LO A1 [The following information applies to the questions displayed below.] The following financial statement information is from five separate companies. Beginning of year Assets Liabilities End of year Assets Liabilities Changes during the year Stock issuances Net income (loss) Cash dividends Company A $ 41,000 33,620 46,000 ? 6,000 10,820 3,500 Company B $ 31,980 22,386 33,120 22,521 1,400 ? 2,000 I Company C $ 26,240 14,169 ? 15,101 9,750 7,400 5,875 Problem 1-2A (Algo) Parts 3-5 3. Compute the amount of assets for Company C at the end of the year. 4. Compute the amount of stock issuances for Company D during the year. 5. Compute the amount of liabilities for Company E at the beginning of the year. Answer is complete but not entirely correct. Company D $ 72,980 50,356 83,720 40,185 2 13,911 0 Company E $ 111,930 ? 126,960 100,298 Tar. It does 6,500 8,776 11,000
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