Company Company Company Company Company A B D E December 31, 2018 Assets ... $55,000 $34,000 $24,000 $60,000 $119,000 Liabilities... 24,500 21,500 9,000 40,000 ? December 31, 2019 Assets . 58,000 40,000 ? 85,000 113,000 Liabilities... 26,500 29,000 24,000 70,000 During year 2019 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 11,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The following financial statement information is from five separate companies. Compute the amount of owner investments for Company D during year 2019.

Company
Company
Company
Company
Company
A
B
D
E
December 31, 2018
Assets ...
$55,000
$34,000
$24,000
$60,000
$119,000
Liabilities...
24,500
21,500
9,000
40,000
?
December 31, 2019
Assets .
58,000
40,000
?
85,000
113,000
Liabilities...
26,500
29,000
24,000
70,000
During year 2019
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
11,000
Transcribed Image Text:Company Company Company Company Company A B D E December 31, 2018 Assets ... $55,000 $34,000 $24,000 $60,000 $119,000 Liabilities... 24,500 21,500 9,000 40,000 ? December 31, 2019 Assets . 58,000 40,000 ? 85,000 113,000 Liabilities... 26,500 29,000 24,000 70,000 During year 2019 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 11,000
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