One item is omitted in each of the following summaries of balance sheet and inco

Question

One item is omitted in each of the following summaries of balance sheet and income statement data for the following four different corporations Enter the missing amounts. (Hint: First determine the amount of increase or decrease in stockholders' equity during the year.) Aquarius Libra Scorpio TaurusS Beginning of the year: Assets Liabilities End of the year: Assets Liabilities During the year: Additional issuance of capital stock Dividends Revenue Expenses $437,600 $503,200 $192,500 262,600 261,700 146,300 $242,200 173,300 154,000 500,500 274,500 542,600 704,500 236,300 221,400 19,300 80,700 118,400 226,000 258,300 100,600 30,600 144,400 78,800 30,200 221,400 130,800 236,800

Explanation / Answer

Aquarious Libra Scorpio Tarus Beginning of the year a Assets $ 437,600 $   503,200 $ 192,500 D b Liabilities $ 262,600 $   261,700 $ 146,300 $         242,200 End of the year c Assets $ 542,600 $   704,500 $ 173,300 $         500,500 d Liabilities $ 236,300 $   221,400 $ 154,000 $         274,500 During the year e Additional issuance of capital stock A $   100,600 $    19,300 $            80,700 f Dividends $    30,600 $      30,200 C $         118,400 g Revenue $ 144,400 B $ 221,400 $         226,000 h Expenses $    78,800 $   130,800 $ 236,800 $         258,300 i Opening capital (a-b) $ 175,000 $   241,500 $    46,200 =D- 242200 j Closing capital (c-d) $ 306,300 $   483,100 $    19,300 $         226,000 k Profit $    65,600 = B-130800 $ (15,400) $         (32,300) l Difference of capital (j-i) $ 131,300 $   241,600 $ (26,900) = (16200) -D m Additional Capital (l+k-f) $    96,300 xx xx xx o Revenue (l- e+f+h) xx $   302,000 xx xx p Dividend (-l+k+e) xx xx $    30,800 xx q Opening asset (j+f-e-k+a) xx xx xx $         538,200 New table Aquarious Libra Scorpio Tarus Beginning of the year a Assets $ 437,600 $   503,200 $ 192,500 $         538,200 b Liabilities $ 262,600 $   261,700 $ 146,300 $         242,200 End of the year c Assets $ 542,600 $   704,500 $ 173,300 $         500,500 d Liabilities $ 236,300 $   221,400 $ 154,000 $         274,500 During the year e Additional issuance of capital stock $    96,300 $   100,600 $    19,300 $            80,700 f Dividends $    30,600 $      30,200 $    30,800 $         118,400 g Revenue $ 144,400 $   302,000 $ 221,400 $         226,000 h Expenses $    78,800 $   130,800 $ 236,800 $         258,300 Opening Capital $ 175,000 $   241,500 $    46,200 $         296,000 Add Profit $    65,600 $   171,200 $ (15,400) $         (32,300) Less Dividend $    30,600 $      30,200 $    30,800 $         118,400 Add Issusance capital $    96,300 $   100,600 $    19,300 $            80,700 Closing capital $ 306,300 $   483,100 $    19,300 $         226,000 Closing capital as per Ending balance $ 306,300 $   483,100 $    19,300 $         226,000 Check $             -   $ -   $             -   $ -

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