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Your answer is correct. Determine the missing amounts. (Hint: For example, to solve for (a), Assets - Liabilities = Owner's equity = $31,000.) Cullumber Company
Your answer is correct. Determine the missing amounts. (Hint: For example, to solve for (a), Assets - Liabilities = Owner's equity = $31,000.) Cullumber Company January 1, 2022 Assets $81,000 Blossom Company $90,000 Liabilities 50,000 48000 (d) Owner's equity 31000 (a) 42,000 December 31, 2022 Assets 111000 (b) 106,000 Crane Company 128000 (g) 78,000 50,000 184,000 Liabilities 59,000 70,000 103000 (h) Owner's 52,000 36000 (e) 81,000 equity Owner's equity changes in year Additional investment Drawings 17,000 10000 (c) 7,000 33000 (f) 10,500 12,000 Total 349,000 405,000 391500 (i) revenues Total expenses 321,000 385,000 359,000 eTextbook and Media Attempts: 2 of 5 used Your answer is correct. Determine the missing amounts. (Hint: For example, to solve for (a), Assets Liabilities Owner's equity = $31,000.) er Blossom Company $81,000 $90,000 50,000 48000 (d) 31000 (a) 42,000 11000 (b) 106,000 59,000 70,000 Crane Company Sandhill Company 128000 (g) $154,000 78,000 59000 50,000 184,000 95,000 258000 103000 (h) 107,000 52,000 36000 (e) 81,000 10000 (c) 17,000 7,000 33000 (f) 349,000 405,000 151,000 10,500 17,000 12,000 10,000 391500 (i) 488,000 321,000 385,000 359,000 eTextbook and Media (k) 439000 (1) Attempts: 2 of 5 used Prepare the owner's equity statement for Cullumber Company. (List items that increase owner's equity first.) Owner's Capital, January 1 < Add : Investments Net Income / (Loss) Less : Drawings Owner's Capital, December 31 eTextbook and Media eTextbook 1 eTextbook 2 Video CULLUMBER COMPANY Owner's Equity Statement December 31, 2022 Save for Later Last saved 4 minutes ago. $ 81000 0 Assistance Used Attempts: 0 of 5 used Submit
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