Maurice Tutor

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About Maurice Tutor

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Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 3 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 12 Aug 2017 My Price 14.00

liabilities for Company

Please explain how you fill in the ? Marks and solved the questions.

 

Company A, Company B, Company C, Company D, Company E

 

A B C D E

December 31, 2010
Assets . . . . . . . . . . . . . . . . . . . . . . . . . $45,000 $35,000 $29,000 $80,000 $123,000
Liabilities . . . . . . . . . . . . . . . . . . . . . . 23,500 22,500 14,000 38,000 ?
December 31, 2011
Assets . . . . . . . . . . . . . . . . . . . . . . . . . 48,000 41,000 ? 125,000 112,500
Liabilities . . . . . . . . . . . . . . . . . . . . . . ? 27,500 19,000 64,000 75,000
During year 2011
Owner investments . . . . . . . . . . . . . . 5,000 1,500 7,750 ? 4,500
Net income (loss) . . . . . . . . . . . . . . . 7,500 ? 9,000 12,000 18,000
Owner cash withdrawals . . . . . . . . . 2,500 3,000 3,875 0 9,000

 

1. Answer the following questions about Company A:
a. What is the amount of equity on December 31, 2010?
b. What is the amount of equity on December 31, 2011?
c. What is the amount of liabilities on December 31, 2011?
2. Answer the following questions about Company B:
a. What is the amount of equity on December 31, 2010?
b. What is the amount of equity on December 31, 2011?
c. What is net income for year 2011?
3. Calculate the amount of assets for Company C on December 31, 2011.
4. Calculate the amount of owner investments for Company D during year 2011.
5. Calculate the amount of liabilities for Company E on December 31, 2010.

 

Answers

Maurice Tutor
(5)
Status NEW Posted 12 Aug 2017 12:08 AM My Price 14.00

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