The following financial statement information is from five separate companies:

Company
A Company
B Company
C Company
D Company
E
December 31, 2012
Assets $ 55,000 $ 34,000 $ 24,000 $ 60,000 $ 119,000
Liabilities 24,500 21,500 9,000 40,000 ?
December 31, 2013
Assets 58,000 40,000 ? 85,000 113,000
Liabilities ? 26,500 29,000 24,000 70,000
During year 2013
Owner investments 6,000 1,400 9,750 ? 6,500
Net income (loss) 8,500 ? 8,000 14,000 20,000
Owner cash withdrawals 3,500 2,000 5,875 0 11,000
_______________________________________________________________________________________________

Company A

#1. What is the amount of equity on December 31, 2012 for Company A.

#2. What is the amount of equity on December 31, 2013 for Company A

#3. What is the amount of liabilities on December 31, 2013 for Company A

Company B

#1. What is the amount of equity on December 31, 2012 Company B

#2. What is the amount of equity on December 31, 2013 Company B

#3. What is net income for year 2013 Company B

#4. Create a statement of Owners Equity

(Equity, December 31st, 2012 = )

(Equity, December 31st, 2013 = )

Company C

#1. Calculate the amount of assets for Company C on December 31, 2013

#2. Create a statement of Owners Equity

(Equity, December 31st, 2012 = )

(Equity, December 31st, 2013 = )

Company D

#1. Calculate the amount of owner investments for Company D during year 2013.

#2. Create a statement of Owners Equity

(Equity, December 31st, 2012 = )

(Equity, December 31st, 2013 = )

Company E

#1. Calculate the amount of liabilities for Company E on December 31, 2012.

#2. Create a statement of Owners Equity

(Equity, December 31st, 2012 = )

(Equity, December 31st, 2013 = )

Respuesta :

Answer:

Company A , 1 amount of equity No information provided 2. $6,000 3 Amount of liabilities $ 5,000 ,Company B 1. Amount of equityNo information provided 2. Amount of equity $1,400 3. Statement of owners Equity for 2012 No information provided statements of owners Equity for 2013 $1,400, Company C 1. Asset ? 2. Statement of owners Equity for 2012 No information provided Statements of owners Equity owners investment $9,750, Net income $14,000 company D 1. Statement of owners Equity for 2012 No information provided 2. Statement of owners Equity for 2013 Net income $14,000, company E 1. Amount of liabilities $70,000 2. Statement of owners Equity for 2012 No information provided, Statement of owners Equity for 2013, owners investment $6,500, Net income $20,000

Explanation:

Company A

1 ?

2$6,000

3 Net income 8,500

Less cash withdrawal 3,500

---------

5,000

------------

Company B

1 ?

2 $1,400

3 ?

Statement of owners Equity for 2012 No information provided

Statement of owners Equity for 2013 owners investment $1,400

Company C

1 Asset ?

2 statement of owners Equity for 2012 No information provided

Statement of owners Equity for 2013

$

Owners investment 9,750

Net income. 14,000

Company D

1 Owners investment ?

2 statement of owners Equity for 2012 No information provided

3 statement of owners Equity

Net income $14,000

Company E

1 Liabilities for company E $70,000

2 statement of owners Equity for 2012 No information provided

Statement of owners Equity for 2013

Owners investment $6,500

Net income $20,000