Financial statement information about four different companies is as follows. Instructions a. Determine the missing amounts. (Hint:

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Financial statement information about four different companies is as follows.

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Instructionsa. Determine the missing amounts. (Hint: For example, to solve for (a), Assets – Liabilities = Owner’s Equity = $39,000.)b. Write a memorandum explaining the accounting equation and how to compute owner’s equity using investments, drawings, revenues, and expenses.c. Using Alpha Company data, show the computation of owner’s capital at December 31.

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College Accounting

ISBN: 1986

1st Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Deanna C. Martin, Jill E. Mitchell

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