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please look over my answer for the first two and tgen answer the third. thank you! Problem 1-2A Computing missing information using accounting knowledge LO
please look over my answer for the first two and tgen answer the third. thank you! Problem 1-2A Computing missing information using accounting knowledge LO A1, P1 [The following information applies to the questions displayed below.) The following financial statement information is from five separate companies. Company Company Company Company A B D Company E $35,000 $27,300 $22,400 28,700 19, 110 12,096 $62,300 42,987 $ 95,550 2 December 31, 2018 Assets Liabilities December 31, 2019 Assets Liabilities During year 2019 Owner investments Net income (109) Owner cash withdrawals 40,000 2 28,800 19,584 2 13, 132 72,800 34,944 110,400 87,216 6,000 9,200 3,500 1,400 7 2,000 9,750 7,000 5,875 ? 11,543 0 6,500 8,574 11,000 2a. What is the amount of equity on December 31, 2018 for Company B. Assets $ 27,300 Liabilities $ 19,110 + Equity 8,190 $ 2b. What is the amount of equity on December 31, 2019 for Company B. Assets $ 28,000 Liabilities $ 19,584 + Equity $ 8,416 es 2c. What is net income for year 2019 for Company B. Statement of Owner's Equity Equity, December 31, 2018 Add: Investment by Owner Less: Withdrawals by Owner Add: Net income Equity, December 31, 2019
please look over my answer for the first two and tgen answer the third. thank you!
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