Question

JUNIL ITU Dalance sheet and income statement data mitted in each of the following summaries of balance sheet and income statement data for the following four different corporations. This infor d in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. sheet e missing amounts. (Hint: First determine the amount of increase or decrease in stockholders' equity during the year.) Round your answers to Four answers as positive values. Freeman Heyward Jones Ramirez Beginning of the year: Assets $ 427,300 $ 491,400 $ 183,700 $ Liabilities 256,400 255,500 139,600 232,700 End of the year: Assets 529,900 688,000 165,300 480,800 Liabilities 230,700 216,200 147,000 263,700 During the year: Additional common stock issued 98,300 18,400 77,600 Dividends 29,900 29,500 113,700 Revenue 141,100 211,200 217,100 76,900 Expenses 127,800 226,000 248,200

Answer 1

Solution: Freeman Heyward Jones Ramirez Particulars Beginning of the year Assets Liabilities 427,300.00 491,400.00 256,400.00 255,500.00 183,700.00 139,600.00 d 232,700.00 End of the year Assets 529,900.00 230,700.00 688,000.00 216,200.00 165,300.00 480,800.00 147,000.00 263,700.00 Liabilities During the year Additional Common stock issued Dividends Revenue Expenses 98,300.00 29,900.00 29,500.00 141,100.00 b 76,900.00 127,800.00 18,400.00 77,600.00 с 113,700.00 211,200.00 217,100.00 226,000.00 248,200.00 Laibilities + Stockholders equity a. Additional Common stock issued of Freeman Assets Beginning Stockholders equity 427,300.00 Stockholders equity = 256,400.00 427,300.00 170,900.00 Stockholders equity 256,400.00 = Assets Laibilities Stockholders equity Ending Stockholders equity + 529,900.00 Stockholders equity 230,700.00 529,900.00 299,200.00 Stockholders equity 230,700.00 Increase in stockholders equity during the year Stockholder equity at the end of the year 299,200.00 128,300.00 Stockholder equity at the beginning of the year 170,900.00 Increase in Stockholders Equity Dividends Capital Stock Capital Stock Revenue 141,100.00 Expenses 76,900.00 29,900.00 Increase in Stockholders Equity 94,100.00 Capital Stock = Capital Stock Increase in Stockholders Equity 128,300.00 34,200.00 94,100.00 94,100.00 b. revenue of Heyward Assets = Laibilities Stockholders equity Beginning Stockholders equity 491,400.00 Stockholders 255,500.00 491,400.00 235,900.00 Stockholders equity 255,500.00 - Assets Laibilities + Stockholders equity Ending Stockholders equity 688,000.00 Stockholders equity 216,200.00 688,000.00 471,800.00 Stockholders equity 216,200.00 Increase in stockholders equity during the year Stockholder equity at the end of the year 471,800.00 Stockholder equity at the beginning of the year 235,900.00

235,900.00 Increase in Stockholders Equity Capital Stock Dividends Revenue Revenue Expenses 127,800.00 98,300.00 29,500.00 Increase in Stockholders Equity Revenue Revenue (59,000.00) Increase in Stockholders Equity 235,900.00 294,900.00 59,000.00 59,000.00 c. Dividend of jones Assets = Laibilities Stockholders equity Beginning Stockholders equity = 183,700.00 Stockholders equity 139,600.00 183,700.00 44,100.00 Stockholders equity 139,600.00 Assets = Laibilities Stockholders equity Ending Stockholders equity 165,300.00 Stockholders equity 147,000.00 165,300.00 18,300.00 Stockholders equity 147,000.00 = Stockholder equity at the beginning of the Increase in stockholders equity during the year year Stockholder equity at the end of the year 18,300.00 (25,800.00) 44,100.00 Increase in Stockholders Equity = Dividends Dividends Dividends Revenue 211,200.00 Expenses 226,000.00 + Capital Stock 18,400.00 3,600.00 3,600.00 29,400.00 Increase in Stockholders Equity Dividends = (25,800.00) d. Assets - Beginning of the year (Ramirez) Assets Laibilities Stockholders equity Ending Stockholders equity 480,800.00 Stockholders equity 263,700.00 480,800.00 217,100.00 Stockholders equity 263,700.00 = Increase in Stockholders Equity Capital Stock Dividends Revenue Expenses Increase in Stockholders Equity 77,600.00 113,700.00 217,100.00 248,200.00 (67,200.00) Beginning Stock holders equity = Ending Stockholders equity 217,100.00 284,300.00 Increase in Stockholders Equity (67,200.00)