Question
The following financial statement information is from five separate companies: December 31, 2016 Company A Company B Company C Company D Company E Assets 35,000
The following financial statement information is from five separate companies:
December 31, 2016 Company A Company B Company C Company D Company E
Assets 35,000 27,300 22,400 62,300 95,550
Liabilities 28,700 19,110 12,096 42,987 ?
December 21, 2017
Assets 40,000 28,800 ? 72,800 110,400
Liabilities ? 19,584 13,132 34,944 87,216
During year 2017
Owner investments 6,000 1,400 9,750 ? 6,500
Net income (loss) 9,200 ? 6,200 11,543 8,574
Owner cash withdrawals 3,500 2,000 5,875 0 11,000
1a. what is the amount of equity on December 31, 2016 for Company A.
Assets = Liabilities + Equity
1b. What is the amount of equity on December 31, 2017 for Company A.
Statement of Owner's Equity
Equity, December 31, 2015 ____
___ ___
____ ___
____ ___ ____ ___
Equity, December 31, 2017 ____
1c. What is the amount of liabilities on December 31, 2017 for Company A.
Assets = Liabilities + Equity
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