The following financial statement information is from five separate companies: ...

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Accounting

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 = )

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