? Using the income statement model and the balance sheet model, fill-in the missing amounts for each

 

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Using the income statement model and the balance sheet model, fill-in the missing amounts for each independent case below. Assume the amounts given are at the end of the company's first year of operation. Company Total Name Revenue Total Assets Randolph $600,000 $350,000 $450,000 Newman $125,000 Wiseman Martin VanTassel Inventory Notes payable Cash Total Total Expenses Liabilities $130,000 $90,000 $160,000 $90,000 $150,000 $275,000 $125,000 $50,000 Contributed capital Net property, plant and equipment Accounts receivable Accounts payable Retained earnings $80,000 $55,000 $13,000 $ 950,000 200,000 250,000 1,000,000 480,000 95,000 145,000 Net Income (Loss) ? $20,000 ($20,000) 120.Capitol Shops, Inc., reported the following amounts on its balance sheet on December 31, 208: Required: 1. What is the amount of Capitol's total assets at the end of 208? Stockholders' Equity $55,000 $110,000 $73,000 Using the income statement model and the balance sheet model, fill-in the missing amounts for each independent case below. Assume the amounts given are at the end of the company's first year of operation. Company Total Name Revenue Total Assets Randolph $600,000 $350,000 $450,000 Newman $125,000 Wiseman Martin VanTassel Inventory Notes payable Cash Total Total Expenses Liabilities $130,000 $90,000 $160,000 $90,000 $150,000 $275,000 $125,000 $50,000 Contributed capital Net property, plant and equipment Accounts receivable Accounts payable Retained earnings $80,000 $55,000 $13,000 $ 950,000 200,000 250,000 1,000,000 480,000 95,000 145,000 Net Income (Loss) ? $20,000 ($20,000) 120.Capitol Shops, Inc., reported the following amounts on its balance sheet on December 31, 208: Required: 1. What is the amount of Capitol's total assets at the end of 208? Stockholders' Equity $55,000 $110,000 $73,000

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