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Category > Accounting Posted 20 May 2017 My Price 7.00

Missing amounts from balance sheet and income statement data

 

EX 1-20 Missing amounts from balance sheet and income statement data

One item is omitted in each of the following summaries of balance sheet and income statement data for the following four different proprietorships:

 

Aquarius

Libra

Scorpio

Taurus

Beginning of the year:

        

Assets

$300,000

$500,000

$100,000

(d)

Liabilities

120,000

260,000

76,000

120,000

End of the year:

        

Assets

420,000

700,000

90,000

248,000

Liabilities

110,000

220,000

80,000

136,000

During the year:

        

Additional investment in the business

(a)

100,000

10,000

40,000

Withdrawals from the business

25,000

32,000

(c)

60,000

Revenue

190,000

(b)

115,000

112,000

Expenses

80,000

128,000

122,500

128,000
 
 

Answers

Alpha Geek
(8)
Status NEW Posted 20 May 2017 09:05 AM My Price 7.00

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file 1495274411-Answer.docx preview (268 words )
E-----------X 1------------20----------- Mi-----------ssi-----------ng -----------amo-----------unt-----------s f-----------rom----------- ba-----------lan-----------ce -----------she-----------et -----------and----------- in-----------com-----------e s-----------tat-----------eme-----------nt -----------dat-----------a -----------One----------- it-----------em -----------is -----------omi-----------tte-----------d i-----------n e-----------ach----------- of----------- th-----------e f-----------oll-----------owi-----------ng -----------sum-----------mar-----------ies----------- of----------- ba-----------lan-----------ce -----------she-----------et -----------and----------- in-----------com-----------e s-----------tat-----------eme-----------nt -----------dat-----------a f-----------or -----------the----------- fo-----------llo-----------win-----------g f-----------our----------- di-----------ffe-----------ren-----------t p-----------rop-----------rie-----------tor-----------shi-----------ps:----------- A-----------qua-----------riu-----------s L-----------ibr-----------a S-----------cor-----------pio----------- Ta-----------uru-----------s -----------Beg-----------inn-----------ing----------- of----------- th-----------e y-----------ear-----------: A-----------sse-----------ts -----------$30-----------0,0-----------00 -----------$50-----------0,0-----------00 -----------$10-----------0,0-----------00 -----------(d)----------- L-----------iab-----------ili-----------tie-----------s 1-----------20,-----------000----------- 26-----------0,0-----------00 -----------76,-----------000----------- 12-----------0,0-----------00 ----------- En-----------d o-----------f t-----------he -----------yea-----------r: -----------Ass-----------ets----------- 42-----------0,0-----------00 -----------700-----------,00-----------0 9-----------0,0-----------00 -----------248-----------,00-----------0 -----------Lia-----------bil-----------iti-----------es -----------110-----------,00-----------0
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