Question: Missing Amounts from Balance Sheet and Income Statement Data One item is omitted in each of the following summaries of balance sheet and income statement

Missing Amounts from Balance Sheet and Income Statement Data
One item is omitted in each of the following summaries of balance sheet and income statement data for four different corporations, AL, CO, KS, and MT. Enter the missing amounts.
Line Item Description AL CO KS MT
Beginning of the year:
Assets $479,600 $541,900 $220,600 $fill in the blank 1
Liabilities 287,800281,800176,500267,600
End of the year:
Assets 594,700758,700242,700553,100
Liabilities 259,000238,400176,500303,300
During the year:
Additional issue of capital stock fill in the blank 2
108,40022,10089,200
Dividends 33,60032,500 fill in the blank 3
130,800
Revenue 158,300 fill in the blank 4
255,900249,800
Expenses 86,300140,900271,300285,500

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!