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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
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 C Company D Company E $33,000 27,060 $25,740 18,018 $21,120 11,404 $ 90,090 $58,740 40,530 December 31, 2016 Assets Liabilities December 31, 2017 Assets Liabilities During year 2017 Owner investments Net income (loss) Owner cash withdrawals 38,000 ? 27, 360 18,604 69, 160 33,196 104,880 82,855 12,475 ? 6,000 8,660 3,500 1,400 ? 2,000 9,750 6,000 5,875 10,754 6,500 8,507 11,000 3. Compute the amount of assets for Company C on December 31, 2017. (Enter Losses amount with a minus sign, wherever required.) December 31, 2016 Assets Liabilities + Equity + Statement of Owner's Equity Equity, December 31, 2016 Equity, December 31, 2017
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