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Hi, Please assist in determining the missing information: Preparing a Balance Sheet, Computing Net Income, and Understanding Equity Transactions At the beginning of 2015, Barth

Hi,

Please assist in determining the missing information:

Preparing a Balance Sheet, Computing Net Income, and Understanding Equity Transactions

At the beginning of 2015, Barth Company reported the following balance sheet.

Assets Liabilities
Cash $4,800 Accounts Payable $12,000
Accounts Receivable 14,700 Equity
Equipment 10,000 Common Stock 47,500
Land 50,000 Retained Earnings 20,000
Total Assets $79,500 Total Liabilities and Equity $79,500

Required a. At the end of 2015, Barth Company reported the following assets and liabilities: Cash, $8,800; Accounts Receivable, $18,400; Equipment, $9,000; Land, $50,000; and Accounts Payable, $7,500. Prepare a year-end balance sheet for Barth. (Hint: Report equity as a single total.)

image text in transcribed

(please assist to find the empty fields)

b. Assuming that Barth did not issue any common stock during the year but paid $12,000 cash in dividends, what was its net income or net loss for 2015?

c. Assuming that Barth issued an additional $13,500 common stock early in the year but paid $21,000 cash in dividends before the end of the year, what was its net income or net loss for 2015?

BARTH COMPANY Balance Sheet Decemer 31, 2015 Assets Liabilities Cash Accounts Payable 8,800 7,500 Accounts Receivable 8,400 Equipment 9,000 Equity Land 0,000 Stockholders' Equity+ Total Assets $ 86,200 Total Liabilities and Equity $

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