advanced accounting

F1-5A Financial statement information about four different companies is as follows Alexei Ramirez Dayan Viciedo Company Company Company Company January 1.2012 $ 95,000 $1 10,000 ($) $170,060 Liabilities 50900 (d) 75,800 Owner's equity (a) 60,000 45,000 90.600 December 31, 2012 Assets (b) 141,000 200,060 (R ) Liabilities 55.000 75,090 (K) 80.600 Owner's equity 63,000 (e) 130.000 162,000 Owner's equity changes in year Additional investment (c) 15,060 19:000 15,000 Drawings 25,000 (1) 14,000 20,800 Total revenues 350.000 420,000 (i) 520,060 Total expenses 320,000 385,000 342,000 Instructions (a) Determine the missing amounts. (Hint For example, to solve for (a), Assets - Liabilities Owner's equity = $45,000.) () Prepare the owner's equity statement for Ramirez Company. Write a memorandum explaining the sequence for preparing financial statements and the interrelationship of the owner's equity statement to the income statement and balance sheet. BE2-10 An inexperienced bookkeeper prepared the following trial balance. Prepare a correct trial balance, assuming all account balances are normal. WALTER COMPANY Trial Balance December 31, 2012 Debit Credit Cash Prepaid Insurance Accounts Payable Uncamed Service Revenue 200 Owner's Capital Owner's Drawings Service Revenue Salaries and Wages Expense 18,609 Rent Expense $31.600