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Required 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
Required 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 A B Company Company D $44,000 36,080 $ 34,320 24,024 $ 28,160 15, 206 $78,320 $ 120, 120 54,040 ? Dets December 31, 2016 Assets Liabilities comber December 31, 2017 Assets Liabilities During year 2017 Owner investments Net income (loss) Owner cash withdrawals 49,000 ? 35, 280 23,990 ? 16,086 89, 180 42,806 135, 240 106,839 6,000 11,630 1,400 2 9,750 6,800 ? 15,094 6,500 8,877 3,500 2,000 5,875 0 11,000 Problem 1-2A Part 5 5. Compute the amount of liabilities for Company E on December 31, 2016. December 31, 2017 Assets = Liabilities + Equity $ + 0 Statement of Owner's Equity Equity, December 31, 2016 0 Equity, December 31, 2017 December 31, 2016 Assets = Liabilities + Equity $ 0 +
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