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I just need help with question 2 and not question 1 I need numbers 3 4 and 5 7 Pays $200 on accounts payable Provides
I just need help with question 2 and not question 1 I need numbers 3 4 and 5
7 Pays $200 on accounts payable Provides $400 services on credit 8 9 Owner withdraws $50 cash 10 Collects $400 cash on accounts receivable e following financial statement information is from five separate companies. Company A Company . Company C Company D Company E $55,000 24,500 $34,000 21,500 $24,000 9,000 $60,000 40,000 $119,000 ? ? December 31, 2018 Assets .. Liabilities. December 31, 2019 Assets .. Liabilities. During year 2019 Owner investments Net income (loss) Owner cash withdrawals 58,000 ? 40,000 26,500 85,000 24,000 113,000 70,000 29,000 ? 6,000 8,500 3,500 1,400 ? 2,000 9,750 8,000 5,875 14,000 0 6,500 20,000 11,000 quired Answer the following questions about Company A. 11.00 Chapter 1 Accounting in Business 3. Compute the amount of assets for Company C on December 31, 2019. 4. Compute the amount of owner investments for Company D during year 2019 5. Compute the amount of liabilities for Company E on December 31, 2018. As of December 31, 2019, Armani Company's financial records show the follow Cab 1000 Alithdru 9 Owner investments Net income (loss) Owner cash withdrawals 6,000 8,500 3,500 1,400 ? 2,000 5 Required 1. Answer the following questions about Company A. a. What is the amount of equity on December 31, 2018? b. What is the amount of equity on December 31, 2019? c. What is the amount of liabilities on December 31, 2019? 2. Answer the following questions about Company B. a. What is the amount of equity on December 31, 2018? b. What is the amount of equity on December 31, 2019? c. What is net income for year 2019? [continued on next page]Step by Step Solution
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