Two items are omitted from each of the following summaries of balance sheet and income statement data for two corporations for the year 2022, Cullumber Company and Ayayai Enterprises. Determine the missing amounts. Beginning of year: Total assets Total liabilities Total stockholders' equity End of year: Total Total liabilities Total stockholders' equity Changes during year in stockholders' equity: Additional investment Dividends Total revenues Total expenses Cullumber Company $98,940 86,700 163,200 122,400 40,800 24.480 219,300 178.500 (a) (b) Ayayai Enterprises $131,580 76,500 183,600 51.000 132,600 25,500 102,000 56,100 (c) (d)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Two items are omitted from each of the following summaries of balance sheet and income statement data for two corporations for the
year 2022, Cullumber Company and Ayayai Enterprises.
Determine the missing amounts.
Beginning of year:
Total assets
Total liabilities
Total stockholders' equity
End of year
Total assets
Total liabilities
Total stockholders' equity
Changes during year in stockholders' equity:
Additional investment
Dividends
Total revenues
Total expenses
Cullumber Company
$98,940
86,700
163,200
122,400
40,800
24.480
219,300
178.500
C
(b)
Ayayai Enterprises
$131,580
76,500
183,600
$1,000
132,600
25,500
102,000
56,100
(c)
(d)
Transcribed Image Text:Two items are omitted from each of the following summaries of balance sheet and income statement data for two corporations for the year 2022, Cullumber Company and Ayayai Enterprises. Determine the missing amounts. Beginning of year: Total assets Total liabilities Total stockholders' equity End of year Total assets Total liabilities Total stockholders' equity Changes during year in stockholders' equity: Additional investment Dividends Total revenues Total expenses Cullumber Company $98,940 86,700 163,200 122,400 40,800 24.480 219,300 178.500 C (b) Ayayai Enterprises $131,580 76,500 183,600 $1,000 132,600 25,500 102,000 56,100 (c) (d)
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