Question: can anyone help me understand the answer for E (contributed capital for 2011) I have the solution here but I dont understand how we get

MGAB01 FINANCIAL ACCOUNTING I-2019 Fall 4. For this question, use Harrison's balance sheet, income statement, excerpts from the statement of cash flows and the additional information items that appear below. The required work for this question appears on the following page. N/A stands for "not available". "N/A" does not equal 0. You can compute it if it is needed to solve the problem. Harrison Inc Harrison Inc Balance Sheet Income Statement At December 31, 2010 For the year 2010 35,300 2011 48,210 2011 Assets Cash Accounts Receivable Inventory Revenues 2,430 11,390 Cost of sales Gross profit Wage expenses (25.200) (29.400) 10,100 18,810 (4,580) (F) 450 380 2,600 8,500 35.000 NIA (479) 5,450 (3,500) 10,730 Equipment, net Total Assets N/A N/A Other expenses Net income Liabilities Accounts Payable Notes Payable 890 (A) 6.500 16,890 950 (C) 8.500 NA Unearned Revenues Harrison Inc Cash Flow Statement Total Liabilities For the year 2010 Shareholders' Equity 2011 Cash From Contributed Capital Retained Earnings Total Equity (B) (E) Operations 4,500 9,460 10,085 N/A Cash From Investing Cash From Financing (3,500) 3,000 (D) N/A (3,000) 2,000 Total Liabilities and equity NA N/A Additional information: 1. A positive amount in the statement of cash flows signifies a cash inflow, a negative amount signifies a cash outflow. 2. Cash from investing in 2010 and 2011 relates to the purchase of additional equipment. No other equipment was purchased or sold in 2010 and 2011. 3. Cash from financing in 2011 includes: (i) a cash outflow of dividend that was declared and paid in 2011 $2,000, (i) a cash inflow from issuance of new stock - $1,500, (ii) a cash inflow from receiving a loan in the form of a note payable $3,500. 4. Depreciation expense in 2011 amounted to $2,500 A. Notes Payable (12/31/2010) 16,890 890 6,500 9,500 B. Contributed Capital (12/31/2010) 40,480-16,890-10,085=13,505 C. Notes Payable (12/31/2011) 9,500+3,500 = 13,000 D. Retained Earnings (12/31/2011) 10,085 10,730 2,000 18,815 E. Contributed Capital (12/31/2011) 13,505 1,500= 15,005 F. Wage Expense (2010) 10,100-479-5,450 4,171
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