1. Selected balance sheet items are shown for the Basic Company. Compute the missing amounts for each of the four years using the basic accounting equation. 2019 $113,624 ACCOUNT 2020 2021 2022 $ ? 151,021 Current assets $? $85,124 Noncurrent assets ? 198,014 162,011 Total assets $524,600 $ ? $ ? $220,111 $? $ ? 30,222 Current liabilities $56,142 $40,220 Noncurrent liabilities ? ? 60,100 Paid-in Capital Retained Earnings 214,155 173,295 170,000 (3,644) $288,456 170,000 2,350 $ 220,111 13,785 1,452 Total liabilities and $524,600 $ ? owner's equity
1. Selected balance sheet items are shown for the Basic Company. Compute the missing amounts for each of the four years using the basic accounting equation. 2019 $113,624 ACCOUNT 2020 2021 2022 $ ? 151,021 Current assets $? $85,124 Noncurrent assets ? 198,014 162,011 Total assets $524,600 $ ? $ ? $220,111 $? $ ? 30,222 Current liabilities $56,142 $40,220 Noncurrent liabilities ? ? 60,100 Paid-in Capital Retained Earnings 214,155 173,295 170,000 (3,644) $288,456 170,000 2,350 $ 220,111 13,785 1,452 Total liabilities and $524,600 $ ? owner's equity
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter2: Basic Accounting Systems: Cash Basis
Section: Chapter Questions
Problem 2.14E
Related questions
Question
Supply the missing figures for the following:
1. Current assets, 2020 -
2. Total assets, 2020 -
3. Noncurrent liabilities, 2020 -
4. Total assets 2021 -
5. Current liabilities, 2021 -
6. Total liabilities and owner's equity, 2021 -
7. Current assets, 2022 -
8. Current liabilities, 2022 -
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