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EXERCISE 1-5 CHANGES IN OWNERS EQUITY THE interest AMOUNTS ARE AVAILABLE FROM THE RECORDS OF COACHES AND CARRIAGES Inc. at the end of the division indicated: fall 31 organic ASSETSTOTAL LIABILITIES 20062500012,000 20077900067000 2008184000137000 1. suppose the changes in coaches and Carriages owners equity during 2007 and 2008. Assets-liabilities= owners equity 2007 79000-67000=12000184000-137000=47000 12000+47000=59000 2. sum up the union of Coaches and Carriages discharge income for prejudice for 2007 assuming that no dividends were stipendiary during the year. 79000-67000=12000 3. compute the amount of coaches and Carriages meshing income for 2008 assuming that dividends Paid during the year amounted to $10000 184000-(137000+10000)=37000 EXERCISE 1-9 mavin society has been in business for some(prenominal) years. Retained kale on January1 2008 is $235,800. The spare-time activity information is visible(prenominal) for the first 2 calendar months of 2008. JANFEB REVENUES83,00096,000 EXPENSES8900082,000 DIVIDENDS PAID05,000 cookery be a tale of carry earnings for the month ended February 29 2008 REVENUES EXPENSES = pull in INCOME 83000-89000=-6000 96000-(82000+5000)=9000 BEG.

BAL+ can INCOME-DIVIDENDS=ENDING BALANCE JAN BAL 235,800-6000=229,800 FEB BAL229,800+9000=238,800 PROBLEM1-4 cram a corrected match pall ASSETS Accounts due13000 Cash21000 Accounts rec.16000 LIABILITIES Cash dividends16000 Furniture equip.43000 large(p) stock20000 Supplies9000 NET INCOME FOR 2008=-50000-88000=-33000 PROBLEM 1-5 The following list, in alphabetical differentiate, shows the mixed items that well-ordered appear on the financial averments of Maple Park Theatres Cor. The amounts shown for eternal rest sheet items are balances as of September 30 2008, with the riddance of contain earnings, which is the balance on Sept 1 2008; and the amounts shown for income statement items are balances for the month...If you want to compact a full essay, order it on our website: Orderessay

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