Question: Please help solve this question? Determine the missing amounts. ( Hint: For example, to solve for (a), Assets Liabilities = Owners equity = $31,660.) Oriole

Please help solve this question?

Determine the missing amounts. (Hint: For example, to solve for (a), Assets Liabilities = Owners equity = $31,660.)

Oriole Company

Beta Company

Psi Company

Omega Company

January 1, 2017
Assets $79,760 $91,020 $enter a dollar amount (g) $154,700
Liabilities 48,100 enter a dollar amount (d) 82,720 enter a dollar amount (j)
Owners equity enter a dollar amount (a) 38,880 46,180 90,710
December 31, 2017
Assets enter a dollar amount (b) 108,600 176,000 enter a dollar amount (k)
Liabilities 60,130 74,070 enter a dollar amount (h) 110,000
Owners equity 51,160 enter a dollar amount (e) 80,950 159,900
Owners equity changes in year
Additional investment enter a dollar amount (c) 9,170 10,940 12,160
Drawings 15,400 enter a dollar amount (f) 12,310 10,200
Total revenues 350,800 406,800 enter a dollar amount (i) 504,500
Total expenses 333,800 382,300 342,200 enter a dollar amount (l)

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!