Question: Determine the missing amounts. ( Hint: For example, to solve for (a), Assets Liabilities = Owners equity = $31,460.) Sheridan Company Beta Company Psi Company
Determine the missing amounts. (Hint: For example, to solve for (a), Assets Liabilities = Owners equity = $31,460.)
| Sheridan Company | Beta Company | Psi Company | Omega Company | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| January 1, 2017 | ||||||||||||
| Assets | $78,770 | $89,440 | $enter a dollar amount | (g) | $153,900 | |||||||
| Liabilities | 47,310 | enter a dollar amount | (d) | 76,650 | enter a dollar amount | (j) | ||||||
| Owners equity | enter a dollar amount | (a) | 40,650 | 50,520 | 86,280 | |||||||
| December 31, 2017 | ||||||||||||
| Assets | enter a dollar amount | (b) | 114,500 | 183,200 | enter a dollar amount | (k) | ||||||
| Liabilities | 61,650 | 70,490 | enter a dollar amount | (h) | 108,200 | |||||||
| Owners equity | 50,780 | enter a dollar amount | (e) | 78,580 | 143,200 | |||||||
| Owners equity changes in year | ||||||||||||
| Additional investment | enter a dollar amount | (c) | 8,490 | 10,580 | 13,910 | |||||||
| Drawings | 15,520 | enter a dollar amount | (f) | 12,190 | 11,990 | |||||||
| Total revenues | 348,600 | 409,100 | enter a dollar amount | (i) | 488,500 | |||||||
| Total expenses | 331,400 | 382,700 | 340,900 | |||||||||
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