2-38 Balance Sheet Equation

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2-38 Balance Sheet Equation

 

Each of the three following columns is an independent case.  For each case, compute the amounts ($ in thousands) for the items indicated by letters and show your supporting computations.

 

Total of 3 cases                       15 Letter Computations total for 3 Cases

 

Case

  
        
  

1

2

3

 

A

35

Revenues

 

145

$K

$280

 

B

30

Expenses

125

200

240

 

C

15

Dividends Declared

N/A

5

Q

 

D

50

Additonal investment

N/A

40

35

 

E

20

by stockholders

 

F

160

Net Income

E

20

P

 

G

150

Retained Earnings

    

H

50

 

BY

30

60

120

 

J

75

 

EY

D

J

130

 

K

225

Paid-In Capital

    

L

275

 

BY

15

10

N

 

M

310

 

EY

C

H

85

 

P

10

Total Assets

    

Q

30

 

BY

80

F

L

   
 

EY

95

280

M

   

Total Liabilities

      
 

BY

A

90

105

   
 

EY

B

G

95

   
        

BY

Beginning of the Year

    

EY

End of Year

     

 

 

 

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