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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 Company Company Company
Required information (The following information applies to the questions displayed below.) The following financial statement information is from five separate companies. Company Company Company Company Company D $119,000 $55,000 24,500 $34,000 21,500 $24,000 9.000 $60,000 40,000 December 31, 2018 Assets Liabilities December 31, 2019 Assets Liabilities During year 2019 Owner investments Net income (loss) Owner cash withdrawals 58,000 40,000 26,500 2 29,000 85,000 24,000 113,000 70,000 1,400 6,000 8,500 3,500 9,750 8,000 5,875 14,000 0 6,500 20,000 11,000 2,000 Required: 1a. What is the amount of equity on December 31, 2018 for Company A. Assets $ 55,000 - Liabilities $ 24,500 - + Equity 30,500 $
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