:
company c
:
company d
:
company eAnswer- COMPANY A:-
1- the amount of equity on December 31, 2018 for Company A:-
|
Assets |
= |
Liabilities |
+ |
Equity |
|
$38,000 |
= |
$31,160 |
+ |
$6,840 |
Owners' equity as on 31st December 2018 is
Assets-Liabilities
=$38,000-$31,160
=$ 6,840
2- the amount of equity on December 31, 2019 for Company A:-
|
Equity, December 31, 2018 |
$6,840 |
|
Add: Net income |
10,010 |
|
Add: Stock issuances |
6000 |
|
22,850 |
|
|
Less: Dividends |
3500 |
|
Equity, December 31, 2019 |
$19,350 |
3- the amount of liabilities on December 31, 2019 for Company A
|
Assets |
= |
Liabilities |
+ |
Equity |
|
$43,000 |
= |
$23,650 |
+ |
$19,350 |
Liabilities= Assets-Owners' Equity
=$43,000-$19,350
=$23,650
COMPANY B:-
1-The amount of equity for Company B as on 31st Dec.2018
Owners' equity= Assets-Liabilities
=$29,640-$20,748
=$8,892
2-The amount of equity for Company B as on 31st Dec.2019
Owners' equity= Assets-Liabilities
=$30,960-$21,052
=$9,908
3-Net Income for 2019
| Particulars | Amount |
| Ending balance of equity | $9,908 |
| Less:Beginning balance of equity | $8,892 |
| Less: Additional Investment | $1,400 |
| Add: Cash Dividends | $2,000 |
| Net income/ (Loss) | $1,616 |
4-Statement of Owner's Equity for 2019
| Particulars | Amount |
| Beginning Balance of owners' equity | $8,892 |
| Add: Additional investment | $1,400 |
| $10,292 | |
| Add: Net income | $1,616 |
| Less: Cash Dividends | $2,000 |
| Ending balance of owners' equity | $9,908 |
COMPANY C
1-The amount of equity for Company C as on 31st Dec.2018
Owners' equity= Assets-Liabilities
=$24,320-$13,132
=$11,188
2-Owners' Equity as on 31 Dec.2019:-
| Particulars | Amount |
| Beginning Balance of owners' equity | $11,188 |
| Add: Additional investment | $9,750 |
| $20,938 | |
| Add: Net income | $7,400 |
| Less: Cash Dividends | $5,875 |
| Ending balance of owners' equity | $22,463 |
3- the amount of assets on December 31, 2019 for Company C
|
Assets |
= |
Liabilities |
+ |
Equity |
|
$36,579 |
= |
$14,116 |
+ |
$22,463 |
Assets= Liabilities+owners' equity
=$14,116+$22,463
=$36,579
4-Statement of owners' equity for 2019:-
| Particulars | Amount |
| Beginning Balance of owners' equity | $11,188 |
| Add: Additional investment | $9,750 |
| $20,938 | |
| Add: Net income | $7,400 |
| Less: Cash Dividends | $5,875 |
| Ending balance of owners' equity | $22,463 |
COMPANY D
1-
-The amount of equity for Company D as on 31st Dec.2018
Owners' equity= Assets-Liabilities
=$67,640-$46,671
=$20,969
2-The amount of equity for Company D as on 31st Dec.2019
Owners' equity= Assets-Liabilities
=$78,260-$37,564
=$40,696
3-Amount of owners' investment:-
| Particulars | Amount |
| Ending Balance of Owners' equity | $40,696 |
| Add: cash dividends | $0 |
| Less: Beginning balance of owners' equity | $20,969 |
| Less:Net income | $12,727 |
| Owners' additional investment | $7,000 |
4-Statement on owners' equity:-
| Particulars | Amount |
| Beginning Balance of owners' equity | $20,969 |
| Add: Additional investment | $7,000 |
| $27,969 | |
| Add: Net income | $12,727 |
| Less: Cash Dividends | $0 |
| Ending balance of owners' equity | $40,696 |
COMPANY E
1-
The amount of equity for Company E as on 31st Dec.2019
Owners' equity= Assets-Liabilities
=$118,680-$93,757
=$24,923
2-Owners' equity as on Dec.31 2018:-
| Particulars | Amount |
| Owners' equity as on Dec.31 2019 |
$24,923 |
| Add: Cash Dividends | $11,000 |
| Less: Additional investment | 6,500 |
| Less: Net Income | $8,675 |
| Owners' equity as on Dec.31 2018 | $20,748 |
3-Liabilities as on 31 Dec.2018
Liabilities= Assets-Owners' equity
=$103,740-$20,748
=$82,992
: company c : company d : company e Required information The following information applies to...
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answer 1a, 1b, 1c
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