What is the amount of revenue for 2018 of Company A? A C December 31, 2017 Assets 7,000,000 5,000,000 4,500,000 8,000,000 3,800,000 8,250,000 Liabilities 3,000,000 6,150,000 December 31, 2018 Assets 4,900,000 2,600,000 12,500,000 6,400,000 9,000,000 Liabilities ? 7,200,000 During 2018 Owner's Equity Additional investments 600,000 1,000,000 200,000 3,810,000 1,800,000 Drawings 450,000 Income Statement Revenues 8,600,000 5,600,000 13,750,000 13,630,000 5,900,000 3,500,000 Expenses 3,300,000

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 3MC: Prince Corporations accounts provided the following information at December 31, 2019: What should be...
icon
Related questions
Question

Help me answer this, thanks.

What is the amount of revenue for 2018 of
Company A?
A
C
D.
December 31, 2017
Assets
P.
4,500,000
7,000,000
5,000,000
8,000,000
3,800,000
8,250,000
6,150,000
Liabilities
3,000,000
December 31, 2018
Assets
4,900,000
2,600,000
9,000,000
12,500,000
6,400,000
Liabilities
?
7,200,000
During 2018
Owner's Equity
Additional investments
600,000
450,000
1,000,000
3,810,000
Drawings
200,000
1,800,000
Income Statement
Revenues
?
8,600,000
5,600,000
13,750,000
5,900,000
3,500,000
Expenses
3,300,000
13,630,000
Transcribed Image Text:What is the amount of revenue for 2018 of Company A? A C D. December 31, 2017 Assets P. 4,500,000 7,000,000 5,000,000 8,000,000 3,800,000 8,250,000 6,150,000 Liabilities 3,000,000 December 31, 2018 Assets 4,900,000 2,600,000 9,000,000 12,500,000 6,400,000 Liabilities ? 7,200,000 During 2018 Owner's Equity Additional investments 600,000 450,000 1,000,000 3,810,000 Drawings 200,000 1,800,000 Income Statement Revenues ? 8,600,000 5,600,000 13,750,000 5,900,000 3,500,000 Expenses 3,300,000 13,630,000
Expert Solution
steps

Step by step

Solved in 2 steps with 3 images

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning