Question: Required information Problem 1-2A Computing missing information using accounting knowledge LO A1, P1 [The following information applies to the questions displayed below.) The following financial

Required information Problem 1-2A Computing missing information using accounting knowledge LO A1, P1 [The following information applies to the questions displayed below.) The following financial statement information is from five separate companies. Company Company B Company Company D Company E $44,000 36,080 $34,320 24,024 $28,160 15, 206 $78,320 54,040 $120, 120 2 December 31, 2018 Assets Liabilities December 31, 2019 Assets Thiabilities During year 2019 Owner investments Net income (loss) Owner cash withdrawals 49,000 ? 35,280 23,990 ? 16,086 89,180 42, 806 135, 240 106,839 6,000 11,630 3,500 1,400 7 2,000 9,750 7,400 5,875 2 15,094 0 6,500 8,877 11,000 Problem 1-2A Part 1 Required: 1a. What is the amount of equity on December 31, 2018 for Company A. Assets Liabilities Equity 0 Required information of 5 1b. What is the amount of equity on December 31, 2019 for Company A. Statement of Owner's Equity Equity, December 31, 2018 3:10:33 OOK Equity, December 31, 2019 unes 1c. What is the amount of liabilities on December 31, 2019 for Company A. Assets Equity Liabilities $ 0 + 21 > OSP
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
