Question

Determine the missing amounts. (Hint: First determine the amount of increase or decrease in stockholders' equity during the year.) Round your answers to the nearest dollar. Enter your answers as positive values. Freeman Heyward Jones Ramirez Beginning of the year: Assets $ 641,300 X $ 737,500 383,500 $ 295,000 224,200 384,800 349,200 Liabilities End of the year: Assets Liabilities During the year: Additional common stock issued 795,200 346,300 1,032,500 324,500 265,500 236,000 721,700 395,800 161.100 29,500 Dividends 147,500 44,300 442,600 191,800 44,900 211,600 115,400 116,400 170,700 325,900 372,500 Revenue bxpenses 339,300 362,900

Answer 1

The answer has been presented in the supporting sheet. All the parts has been solved with detailed explanation and calculation. For detailed answer refer to the supporting sheet.

Answer Part 1) Freeman Aditional common Stock issued Change is stock holders equity = ending stockholders equity - beginning stockholders equity = (795200-346300) -(641300-384800) = $ 192400 Common Stock Issued = change in equity -net income + dividend = 192400 - (211600-115400) + 44900 = $ 141100 Thus the correct answer additional common stock issued = $ 141100 Part 2) Heyward Revenue Change is stock holders equity = ending stockholders equity - beginning stockholders equity = (1032500-324500) - (737500-383500) = $ 354000 Change in stock holders equity = (revenue - expenses) - dividend + additional common stock 354000 = (revenue - 191800) - 44300 + 147500 354000-147500 + 44300 + 191800 = revenue $ 442600 = revenue Thus the correct answer is revennue = $ 442600

5 Part 3) 26 Jones Dividend E7 Change is stock holders equity 8 = ending stockholders equity - beginning stockholders equity -9 = (265500-236000) - (295000 - 224200) EO =-$ 41300 1 Change in stock holders equity = (revenue - expenses) - dividend + additional common stock #2 -41300 = (339300 - 362900) - dividend +29500 3 - 41300-339300+362900-29500 = - dividend 4 - 47200 =- dividend 5 dividend = $ 47200 6 Thus the correct answer is $ 47200 8 Part 4) 9 Ramirez Beginning assets 10 Change in stock holders equity 11 = net income + additional common stock - dividend 12 = (325900-372500) +116400 - 170700 13 = $ 100900 14 Change is stock holders equity 15 = ending stockholders equity - beginning stockholders equity 16 - 100900 = (721700-395800) - (assets - 349200) 7 -100900 - 721700+395800-349200 = -assets 18 - 776000 = -assets 19 Assets = $ 776000 50 Thus the correct answer assets = $ 776000