Question: i need the answer to part b Your answer is correct. Determine the missing amounts. (Hint: For example, to solve for (a). Assets - Liabilities

Your answer is correct. Determine the missing amounts. (Hint: For example, to solve for (a). Assets - Liabilities -S Owner's equity - $31,580. on) Pharoah Company Beta Company Psi Company Omega Company January 1, 2017 Assets $79,410 $88,170 $159,000 126360 (9) 79,100 Liabilities 47,830 693500) 47360() 40,810 Owner's equity 31580 (a) 47,260 89,650 December 31, 2017 udy Assets 108850 (b) 108,500 182,600 256800 (6) 108,100 Liabilities 59,620 73,920 99000 (h) 49,230 34580(e) 83,600 148,700 Owner's equity Owner's equity changes in year Additional investment 8,790 10,250 11,560 16580 (c) 14,030 Drawings 41620 12,190 12,970 Total revenues 349,400 410,800 480,600 3848800 346,600 Total expenses 334,300 384,200 4201400) SHOW SOLUTION SHOW ANSWER LINK TO TEXT LINK TO TEXT (b) Prepare the owner's equity statement for Pharoah Company. (List items that increase owner's equity first.) PHAROAH COMPANY Owner's Equity Statement
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
