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Required information [The following information applies to the questions displayed below.] The following financial statement information is from five separate companies. Company A Company B
Required information [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 Beginning of year Assets $ 41,000 Liabilities 33,620 $ 31,980 22,386 $ 26,240 14,169 $ 72,980 50,356 $ 111,930 ? End of year Assets 46,000 33,120 ? 83,720 Liabilities ? 22,521 15,101 40,185 126,960 100,298 Changes during the year Owner investments 6,000 1,400 9,750 ? 6,500 Net income (loss) 10,820 ? 7,800 13,911 8,776 Owner withdrawals 3,500 2,000 5,875 0 11,000 Required: 1a. What is the amount of equity at the beginning of the year for Company A? 1b. What is the amount of equity at the end of the year for Company A? 1c. What is the amount of liabilities at the end of the year for Company A? Required 1A Required 1B Required 1C What is the amount of equity at the end of the year for Company A? Statement of Owner's Equity Equity, beginning of year 0 Equity, end of year < Required 1A Required 1C > Required 1A Required 1B Required 1C What is the amount of liabilities at the end of the year for Company A? Assets Liabilities Equity = $ 0+ < Required 1B Required 1C >
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