Question
One item is omitted in each of the following summaries of balance sheet and income statement data for three different companies, A, B, and C.
One item is omitted in each of the following summaries of balance sheet and income statement data for three different companies, A, B, and C. Determine the amounts of the missing items, identifying each company by letter (You must show your calculations ). COMPANY A Beginning of the year: 300,000 160,000 Assets 160.000 120.000 Liabilities End of the year: 95,000 Assets 500.000 200.000 180.000 100,000 60,000 Liabilities During the year: Additional investment by the owner 300,000 65,000 40,000 80,000 190,000 160,000 Withdrawals by the owner 75,000 Revenue 85.000 Expenses 110,000 35,000
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