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Need your help to complete the missing information. 1. Liabilities for company E 2. Assets company C 3. Liabilities company A 4. Owner Investments company
Need your help to complete the missing information.
1. Liabilities for company E
2. Assets company C
3. Liabilities company A
4. Owner Investments company D
5. Net Income (loss) company B
6. Owner withdrawal company D
The following financial statement information is from five separate companies.
Company A | Company B | Company C | Company D | Company E | |
---|---|---|---|---|---|
Beginning of year | |||||
Assets | $ 55,000 | $ 34,000 | $ 24,000 | $ 60,000 | $ 119,000 |
Liabilities | 24,500 | 21,500 | 9,000 | 40,000 | ? |
End of year | |||||
Assets | 58,000 | 40,000 | ? | 85,000 | 113,000 |
Liabilities | ? | 26,500 | 29,000 | 24,000 | 70,000 |
Changes during the year | |||||
Owner investments | 6,000 | 1,400 | 9,750 | ? | 6,500 |
Net income (loss) | 8,500 | ? | 8,000 | 14,000 | 20,000 |
Owner withdrawals | 3,500 | 2,000 | 5,875 | 0 | 11,000 |
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