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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
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 C D Company E December 31, 2018 Assets $35,000 $27,300 $22,400 $62,300 $ 95,550 Liabilities 28,700 19,110 12,096 42,987 ? December 31, 2019 Assets 40,000 28,800. ? 72,800 110,400 Liabilities ? 19,584 13,132 34,944 87,216. During year 2019 Owner investments 6,000 1,400 9,750 2 6,500 Net income (loss) 9,200 2 7,000 11,543 8,574 Owner cash withdrawals 3,500 2,000 5,875 0 11,000
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