5	The Accounting Equation	RothCo	El GreckCo	OrozCo
				15
	Calculate the ending equity for each of these three companies
box 1	12/31/20X1 (beginning equity)
	Assets	31,000	19,840	84,630
	Liabilities	25,420	10,713	?
	12/31/20X2
	Assets	36,000	?	99,360
	Liabilities	?	11,818	78,494
	enter answers to grey boxes in box 3		below
	Events During year 2
	Stock issuances	6,000	9,750	6,500
	Net income (loss)	8,120	5,800	8,440
	Cash dividends	3,500	5,875	11,000
To find the missing numbers in grey in box one, complete box 2 and then apply the accounting equation
box 2	Statement of owner equity
	Equity year 1 (12/31x1)
	Stock issuances	6,000	9,750	6,500
	Net income (Loss)	8,120	5,800	8,440
	Cash Dividends	3,500	5,875	11,000
	Ending Equity 12/31/20X2
box 3	Enter Answers here
	Liabilities
	Assets
	Liabilities