Company A Company B Company C Company D Company E December 31, 2019 Assets 162,000 189,000 118,125 121,500 351,000 Liabilities 101,250 135,000 67,500 74,250 ? December 31, 2020 Assets 175,500 249,750 432,000 ? 519,750 Liabilities 85,725 ? 182,250 108,000 202,500 During 2020 Net income ? 33,750 67,500 60,750 81,000 Investments 23,625 40,500 ? 81,000 0 Withdrawals 6,750 10,125 20,250 27,000 40,500 What was the owner’s equity of each of the five companies on December 31, 2019? What was the owner’s equity of each of the five companies on December 31, 2020 What was the amount of net income of Company A for 2020?
Company A Company B Company C Company D Company E December 31, 2019 Assets 162,000 189,000 118,125 121,500 351,000 Liabilities 101,250 135,000 67,500 74,250 ? December 31, 2020 Assets 175,500 249,750 432,000 ? 519,750 Liabilities 85,725 ? 182,250 108,000 202,500 During 2020 Net income ? 33,750 67,500 60,750 81,000 Investments 23,625 40,500 ? 81,000 0 Withdrawals 6,750 10,125 20,250 27,000 40,500 What was the owner’s equity of each of the five companies on December 31, 2019? What was the owner’s equity of each of the five companies on December 31, 2020 What was the amount of net income of Company A for 2020?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
|
|
Company A |
Company B |
Company C |
Company D |
Company E |
|
December 31, 2019 |
|
|
|
|
|
|
Assets |
162,000 |
189,000 |
118,125 |
121,500 |
351,000 |
|
Liabilities |
101,250 |
135,000 |
67,500 |
74,250 |
? |
|
December 31, 2020 |
|
|
|
|
|
|
Assets |
175,500 |
249,750 |
432,000 |
? |
519,750 |
|
Liabilities |
85,725 |
? |
182,250 |
108,000 |
202,500 |
|
During 2020 |
|
|
|
|
|
|
Net income |
? |
33,750 |
67,500 |
60,750 |
81,000 |
|
Investments |
23,625 |
40,500 |
? |
81,000 |
0 |
|
Withdrawals |
6,750 |
10,125 |
20,250 |
27,000 |
40,500 |
- What was the owner’s equity of each of the five companies on December 31, 2019?
- What was the owner’s equity of each of the five companies on December 31, 2020
- What was the amount of net income of Company A for 2020?
- How much is the liabilities owed by Company B on December 31, 2020?
- For Company C, calculate the amount of investments.
- How much is the total assets on December 31, 2020 of Company D?
- How much is the liabilities owed by Company E on December 31, 2019
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