Friday, 4 October 2019

Below are incomplete financial statements for Beasley, Incorporated. Calculate the missing amounts.

Below are incomplete financial statements for Beasley, Incorporated. Calculate the missing amounts.

   

In the statement of stockholders' equity, $25,000 + (c) = $30,000
(c) = $5,000

In the statement of stockholders' equity, $12,000 + 5,000 - (d) = $15,000
(d) = $2,000

In the income statement, (b) = $5,000 (in the statement of stockholders' equity)

In the income statement, (a) - $20,000 = $5,000
(a) = $25,000

In the balance sheet, (g) = $30,000 and (h) $15,000 (in the statement of stockholders' equity)

(i) = $15,000 + $30,000 (g) + $15,000 (h)
(i) = $60,000

(f) = $60,000 (i)

(e) = $60,000 (f) - $15,000 - $7,000 - $35,000
(e) = $3,000

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