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What is the equity amount on December 31, 2018 of Company B? A. C December 31, 2017 Assets P. 4,500,000 3,000,000 7,000,000 5,000,000 8,000,000 3,800,000 8,250,000 6,150,000 Liabilities December 31, 2018 Assets 4,900,000 2,600,000 9,000,000 12,500,000 6,400,000 Liabilities 7,200,000 During 2018 Owner's Equity Additional investments 600,000 450,000 1,000,000 3,810,000 1,800,000 Drawings 200,000 income Statement Revenues 8,600,000 13,750,000 13,630,000 5,900,000 3,500,000 Expenses 3,300,000 5,600,000

What is the equity amount on December 31, 2018 of Company B? A. C December 31, 2017 Assets P. 4,500,000 3,000,000 7,000,000 5,000,000 8,000,000 3,800,000 8,250,000 6,150,000 Liabilities December 31, 2018 Assets 4,900,000 2,600,000 9,000,000 12,500,000 6,400,000 Liabilities 7,200,000 During 2018 Owner's Equity Additional investments 600,000 450,000 1,000,000 3,810,000 1,800,000 Drawings 200,000 income Statement Revenues 8,600,000 13,750,000 13,630,000 5,900,000 3,500,000 Expenses 3,300,000 5,600,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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What is the equity amount on December 31, 2018 of Company B? A B C December 31, 2017 Assets 4,500,000 3,000,000 7,000,000 5,000,000 8,000,000 3,800,000 8,250,000 6,150,000 Liabilities December 31, 2018 Assets 4,900,000 2,600,000 9,000,000 12,500,000 6,400,000 ? Liabilities ? 7,200,000 During 2018 Owner's Equity Additional investments 600,000 450,000 1,000,000 200,000 3,810,000 1,800,000 Drawings Income Statement 8,600,000 5,600,000 Revenues 5,900,000 13,750,000 13,630,000 Expenses 3,300,000 3,500,000
Transcribed Image Text:What is the equity amount on December 31, 2018 of Company B? A B C December 31, 2017 Assets 4,500,000 3,000,000 7,000,000 5,000,000 8,000,000 3,800,000 8,250,000 6,150,000 Liabilities December 31, 2018 Assets 4,900,000 2,600,000 9,000,000 12,500,000 6,400,000 ? Liabilities ? 7,200,000 During 2018 Owner's Equity Additional investments 600,000 450,000 1,000,000 200,000 3,810,000 1,800,000 Drawings Income Statement 8,600,000 5,600,000 Revenues 5,900,000 13,750,000 13,630,000 Expenses 3,300,000 3,500,000
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