5. Compute the amount of liabilities for Company E at the beginning of the year.
Complete this question by entering your answers in the tabs below.
Required 3
Required 4
Required 5
Compute the amount of liabilities for Company E at the beginning of the year.
End of Year
Assets
Liabilities
$
110,400
=
=
$
87,216
+
+
$
Equity
23,184
Equity, beginning of year
Add: Stock issuances
Add: Net income
Less: Cash dividends
Equity, end of year
$
6,500
8,574
15,074
11,000
23,184
Beginning of Year
Assets
$
95,550|
=
=
$
Liabilities
95,550
+
Equity