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
