Question: (a) Determine the missing amounts. ( Hint: For example, to solve for (a), Assets Liabilities = Owners equity = $30,000.) Wildhorse Company Blossom Company Crane
(a)
Determine the missing amounts. (Hint: For example, to solve for (a), Assets Liabilities = Owners equity = $30,000.)
| Wildhorse Company | Blossom Company | Crane Company | Cullumber Company | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| January 1, 2022 | ||||||||||||
| Assets | $80,000 | $91,000 | $enter a dollar amount | (g) | $151,000 | |||||||
| Liabilities | 50,000 | enter a dollar amount | (d) | 81,000 | enter a dollar amount | (j) | ||||||
| Owners equity | enter a dollar amount | (a) | 39,000 | 50,000 | 92,000 | |||||||
| December 31, 2022 | ||||||||||||
| Assets | enter a dollar amount | (b) | 115,000 | 183,000 | enter a dollar amount | (k) | ||||||
| Liabilities | 59,000 | 74,000 | enter a dollar amount | (h) | 107,000 | |||||||
| Owners equity | 49,000 | enter a dollar amount | (e) | 85,000 | 155,000 | |||||||
| Owners equity changes in year | ||||||||||||
| Additional investment | enter a dollar amount | (c) | 6,000 | 11,400 | 11,000 | |||||||
| Drawings | 15,000 | enter a dollar amount | (f) | 12,300 | 10,000 | |||||||
| Total revenues | 348,000 | 416,000 | enter a dollar amount | (i) | 495,000 | |||||||
| Total expenses | 324,000 | 383,000 | 346,000 | enter a dollar amount | ||||||||
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