Question 2 1. Fill in the missing amounts which correspond with a letter for each company. Alpha Delta Beta Beginning Assets Liabilities Common shares Retained earnings $78 $30 $2 47 19 2 10 Ending Assets Liabilities Common shares Retained earnings Dividends $48 $9 $48 30 27 2 Income Statement Revenues Expenses Net income $216 $20 211 $144 19 BUSI 1043 INTRODUCTION TO FINANCIAL ACCOUNTING O YORKVILLE UNIVERSITY www.YORKVILLEU.CA Missing Amount Solution
Question 2 1. Fill in the missing amounts which correspond with a letter for each company. Alpha Delta Beta Beginning Assets Liabilities Common shares Retained earnings $78 $30 $2 47 19 2 10 Ending Assets Liabilities Common shares Retained earnings Dividends $48 $9 $48 30 27 2 Income Statement Revenues Expenses Net income $216 $20 211 $144 19 BUSI 1043 INTRODUCTION TO FINANCIAL ACCOUNTING O YORKVILLE UNIVERSITY www.YORKVILLEU.CA Missing Amount Solution
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter4: Accounting For Retail Operations
Section: Chapter Questions
Problem 4.5.2P
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