In: Accounting
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. Determine the missing amounts. (Hint: First, determine the amount of increase or decrease in owner's equity during the year.) Round your answers to the nearest dollar. Enter your answers as positive values.
Freeman | Heyward | Jones | Ramirez | |||||||||
Beginning of the year: | ||||||||||||
Assets | $ 826,700 | $ 967,200 | $ 355,500 | $ | ||||||||
Liabilities | 496,000 | 502,900 | 270,200 | 450,100 | ||||||||
End of the year: | ||||||||||||
Assets | 1,025,100 | 1,354,100 | 320,000 | 930,300 | ||||||||
Liabilities | 446,400 | 425,600 | 284,400 | 510,200 | ||||||||
During the year: | ||||||||||||
Additional common stock issued | 193,400 | 35,600 | 150,000 | |||||||||
Dividends | 57,900 | 58,000 | 220,100 | |||||||||
Revenue | 272,800 | 408,900 | 420,100 | |||||||||
Expenses | 148,800 | 251,500 | 437,300 | 480,100 |