Question: Determine the missing amounts. ( Hint: For example, to solve for (a), Assets Liabilities = Owners equity = $30,000.) Cullumber Company Ivanhoe Company Oriole Company
Determine the missing amounts. (Hint: For example, to solve for (a), Assets Liabilities = Owners equity = $30,000.)
| Cullumber Company | Ivanhoe Company | Oriole Company | Pharoah Company | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| January 1, 2022 | ||||||||||||
| Assets | $78,000 | $91,000 | $enter a dollar amount | (g) | $146,000 | |||||||
| Liabilities | 48,000 | enter a dollar amount | (d) | 83,000 | enter a dollar amount | (j) | ||||||
| Owners equity | enter a dollar amount | (a) | 41,000 | 45,000 | 92,000 | |||||||
| December 31, 2022 | ||||||||||||
| Assets | enter a dollar amount | (b) | 106,000 | 175,000 | enter a dollar amount | (k) | ||||||
| Liabilities | 61,000 | 73,000 | enter a dollar amount | (h) | 108,000 | |||||||
| Owners equity | 52,000 | enter a dollar amount | (e) | 85,000 | 147,000 | |||||||
| Owners equity changes in year | ||||||||||||
| Additional investment | enter a dollar amount | (c) | 9,000 | 11,200 | 14,000 | |||||||
| Drawings | 18,000 | enter a dollar amount | (f) | 12,000 | 13,000 | |||||||
| Total revenues | 350,000 | 412,000 | enter a dollar amount | (i) | 497,000 | |||||||
| Total expenses | 331,000 | 385,000 | 352,000 | |||||||||
Prepare the owners equity statement for Cullumber Company. (List items that increase owner's equity first.)
| CULLUMBER COMPANY Owners Equity Statement choose the accounting period December 31, 2022For the Year Ended December 31, 2022For the Month Ended December 31, 2022 | ||
|---|---|---|
| select an opening name DrawingsExpensesNet Income / (Loss)Owners Capital, January 1Owners Capital, December 31RevenuesTotal ExpensesTotal RevenuesInvestments | $enter a dollar amount | |
| select between addition and deduction AddLess: | ||
| select an item DrawingsExpensesNet Income / (Loss)Owners Capital, January 1Owners Capital, December 31RevenuesTotal ExpensesTotal RevenuesInvestments | $enter a dollar amount | |
| select an item DrawingsExpensesNet Income / (Loss)Owners Capital, January 1Owners Capital, December 31RevenuesTotal ExpensesTotal RevenuesInvestments | enter a dollar amount | |
| enter a subtotal of the two previous amounts | ||
| enter a total amount for the first part | ||
| select between addition and deduction AddLess: select an item DrawingsExpensesNet Income / (Loss)Owners Capital, January 1Owners Capital, December 31RevenuesTotal ExpensesTotal RevenuesInvestments | enter a dollar amount | |
| select a closing name DrawingsExpensesNet Income / (Loss)Owners Capital, January 1Owners Capital, December 31RevenuesTotal ExpensesTotal RevenuesInvestments | $enter a total amount | |
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