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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 Company A Company E C D December 31, 2016 $39,000 $30,420 $24,960 $69,420 $106,470 13,478 Assets Liabilities 31,980 December 31, 2017 47,899 21,294 44,000 121,440 95,937 31,680 21,542 80,080 38,438 Assets Liabilities During year 14,445 2017 Owner 6,000 1,400 9,750 6,500 investments Net income (loss) Owner cash withdrawals 10,280 8,709 6,100 13,121 ,500 2,000 5,875 0 Problem 1-2A Part 3 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 December 31, 2017 Assets = Liabilities Equity
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