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Determine the missing amounts. ( Hint: For example, to solve for (a), Assets Liabilities = Owners equity = $30,000.) Cullumber Company Ivanhoe Company Oriole Company

Determine the missing amounts. (Hint: For example, to solve for (a), Assets Liabilities = Owners equity = $30,000.)

Cullumber Company

Ivanhoe Company

Oriole Company

Pharoah Company

January 1, 2022

Assets

$78,000 $91,000 $enter a dollar amount (g) $146,000

Liabilities

48,000 enter a dollar amount (d) 83,000 enter a dollar amount (j)

Owners equity

enter a dollar amount (a) 41,000 45,000 92,000

December 31, 2022

Assets

enter a dollar amount (b) 106,000 175,000 enter a dollar amount (k)

Liabilities

61,000 73,000 enter a dollar amount (h) 108,000

Owners equity

52,000 enter a dollar amount (e) 85,000 147,000

Owners equity changes in year

Additional investment

enter a dollar amount (c) 9,000 11,200 14,000

Drawings

18,000 enter a dollar amount (f) 12,000 13,000

Total revenues

350,000 412,000 enter a dollar amount (i) 497,000

Total expenses

331,000 385,000 352,000

Prepare the owners equity statement for Cullumber Company. (List items that increase owner's equity first.)

CULLUMBER COMPANY Owners Equity Statement choose the accounting period December 31, 2022For the Year Ended December 31, 2022For the Month Ended December 31, 2022

select an opening name DrawingsExpensesNet Income / (Loss)Owners Capital, January 1Owners Capital, December 31RevenuesTotal ExpensesTotal RevenuesInvestments

$enter a dollar amount

select between addition and deduction AddLess:

select an item DrawingsExpensesNet Income / (Loss)Owners Capital, January 1Owners Capital, December 31RevenuesTotal ExpensesTotal RevenuesInvestments

$enter a dollar amount

select an item DrawingsExpensesNet Income / (Loss)Owners Capital, January 1Owners Capital, December 31RevenuesTotal ExpensesTotal RevenuesInvestments

enter a dollar amount
enter a subtotal of the two previous amounts

enter a total amount for the first part

select between addition and deduction AddLess: select an item DrawingsExpensesNet Income / (Loss)Owners Capital, January 1Owners Capital, December 31RevenuesTotal ExpensesTotal RevenuesInvestments

enter a dollar amount

select a closing name DrawingsExpensesNet Income / (Loss)Owners Capital, January 1Owners Capital, December 31RevenuesTotal ExpensesTotal RevenuesInvestments

$enter a total amount

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