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Im having trouble filling this out. Thank you for your time. Determine the missing amounts. (Hint: For example, to solve for (a), Assets - Liabilities
Im having trouble filling this out. Thank you for your time.
Determine the missing amounts. (Hint: For example, to solve for (a), Assets - Liabilities = Owner's equity = $32,350.) Sunland Company Beta Company Psi Company Omega Company January 1, 2017 Assets $81,610 $89,070 (9) $142,000 Liabilities 49,260 (d) 78,420 6) (a) 38,460 48,540 86,530 Owner's equity December 31, 2017 Assets (b) 107,100 170,400 Liabilities 58,050 72,220 (n) 100,200 Owner's equity 49,790 80,980 157,700 Owner's equity changes in year Additional investment 7,280 10,840 14,220 (c) 14,270 Drawings 12,020 11,050 Total revenues 348,000 406,200 0 506,800 Total expenses 335,400 385,500 340,000Step by Step Solution
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