Determine the missing amounts ( Hint For example, to solve for (a), Assets Liabilities Owners equity $ 32,880 ) Cullumber Company Beta Company Psi Company Omega Company January 1, 2017 Assets $ 81,230 $ 88,100 $ enter a dollar amount (g) $ 140,900 Liabilities 48,350 enter a dollar amount (d) 82,480 enter a dollar amount (j) Owners equity enter a dollar amount (a) 38,420 53,330 93,670 December 31, 2017 Assets enter a dollar amount (b) 113,600 177,600 enter a dollar amount (k) Liabilities 61,490 73,060 enter a dollar amount (h) 107,300 Owners equity 49,180 enter a dollar amount (e) 82,420 143,400 Owners equity changes in year Additional investment enter a dollar amount (c) 8,630 11,120 16,700 Drawings 14,830 enter a dollar amount (f) 12,270 11,740 Total revenues 350,200 416,000 enter a dollar amount (i) 518,300 Total expenses 332,700 386,700 344,300 enter a dollar amount (l)

Question

Determine the missing amounts  ( Hint  For example, to solve for (a), Assets Liabilities   Owners equity   $ 32,880 ) Cullumber Company Beta Company Psi Company Omega Company January 1, 2017 Assets $ 81,230 $ 88,100 $ enter a dollar amount (g) $ 140,900 Liabilities 48,350 enter a dollar amount (d) 82,480 enter a dollar amount (j) Owners equity enter a dollar amount (a) 38,420 53,330 93,670 December 31, 2017 Assets enter a dollar amount (b) 113,600 177,600 enter a dollar amount (k) Liabilities 61,490 73,060 enter a dollar amount (h) 107,300 Owners equity 49,180 enter a dollar amount (e) 82,420 143,400 Owners equity changes in year Additional investment enter a dollar amount (c) 8,630 11,120 16,700 Drawings 14,830 enter a dollar amount (f) 12,270 11,740 Total revenues 350,200 416,000 enter a dollar amount (i) 518,300 Total expenses 332,700 386,700 344,300 enter a dollar amount (l)

Accepted Answer

The Answer is in the image, click to view ...

Question

Determine the missing amounts. ( Hint: For example, to solve for (a), Assets Liabilities = Owners equity = $ 32,880.) Cullumber Company Beta Company Psi

Step by Step Solution

Step: 1

Get Instant Access to Expert-Tailored Solutions

Step: 2

Step: 3

Ace Your Homework with AI

Recommended Textbook for

College Accounting

Students also viewed these Accounting questions

Question

Question

Question

Question

Question

Question

Question

Question

Question

Question

Question

Question

Question

Question

	Cullumber Company		Beta Company		Psi Company		Omega Company
January 1, 2017
Assets	$ 81,230		$ 88,100		$ enter a dollar amount	(g)	$ 140,900
Liabilities	48,350		enter a dollar amount	(d)	82,480		enter a dollar amount	(j)
Owners equity	enter a dollar amount	(a)	38,420		53,330		93,670
December 31, 2017
Assets	enter a dollar amount	(b)	113,600		177,600		enter a dollar amount	(k)
Liabilities	61,490		73,060		enter a dollar amount	(h)	107,300
Owners equity	49,180		enter a dollar amount	(e)	82,420		143,400
Owners equity changes in year
Additional investment	enter a dollar amount	(c)	8,630		11,120		16,700
Drawings	14,830		enter a dollar amount	(f)	12,270		11,740
Total revenues	350,200		416,000		enter a dollar amount	(i)	518,300
Total expenses	332,700		386,700		344,300		enter a dollar amount	(l)