Each situation below relates to an independent companys owners equity. A. Calculate the missing values. B. Based

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Each situation below relates to an independent company’s owners’ equity.

Co.1 Co.2 Co.3 Beginning Net Balance + Income $16,500 ? $63,180 275,300 0 ? Net Loss + $ 0 12,000 0

A. Calculate the missing values.
B. Based on your calculations, make observations about each company.

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Principles Of Accounting Volume 1 Financial Accounting

ISBN: 9781593995942

1st Edition

Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax

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Question Posted: Aug 09, 2022 10:52 PM

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Each situation below relates to an independent companys owners equity. A. Calculate the missing values. B. Based

Question:

Co.1 Co.2 Co.3 Beginning Net Balance + Income $16,500 ? $63,180 275,300 0 ? Net Loss + $ 0 12,000 0 Investments $22,300 0 0 Distributions $1,750 ? 24,100 Ending Balance $ 37,050 44,880 299,400

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Principles Of Accounting Volume 1 Financial Accounting

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