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! Required information Problem 1-2A (Static) Computing missing information using accounting knowledge LO A1 (The following information applies to the questions displayed below.] The following
! Required information Problem 1-2A (Static) Computing missing information using accounting knowledge LO A1 (The following information applies to the questions displayed below.] The following financial statement information is from five separate companies. Company A Company B Company C Company D Company E $ 55,000 24,500 $ 34,000 21,500 $ 24,000 9,000 $ 60,000 40,000 $ 119,000 ? Beginning of year Assets Liabilities End of year Assets Liabilities Changes during the year Owner investments Net income (loss) Owner withdrawals 58,000 ? 40,000 26,500 ? 29,000 85,000 24,000 113,000 70,000 ? 6,000 8,500 3,500 1,400 ? 2,000 9,750 8,000 5,875 14,000 0 6,500 20,000 11,000 5. Compute the amount of liabilities for Company E at the beginning of the year. End of Year This is a numeric cell, so please enter numbers only. Assets $ 113,000] = $ 113,000 Statement of Owner's Equity Equity, beginning of year 0 Equity, end of year Beginning of Year Assets = Liabilities + Equity $ 0 +
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