Compute the amount of stock issuances for Company D during the year.
Beginning of Year Assets $15,000
Liabilities $8,500
Equity $6,500
Equity, beginning of year Add: Stock issuances Add: Net income
6,500 3,750 4,200 14,450 2,500 11,950
Less: Cash dividends Equity, end of year
S
End of Year Assets $27,450
Liabilities $8,500
Equity $19,950
Required 5
Compute the amount of liabilities for Company E at the beginning of the year.
Beginning of Year Assets $40,000
Liabilities + S $15,000
Equity $25,000
Equity, beginning of year Add: Stock issuances Add: Net income
25,000 10,000 8,500 43,500 5,000 38,500
Less: Cash dividends Equity, end of year
S
End of Year Assets $78,500
Liabilities $38,500
Equity $40,000