Exercise 1-11 Two items are omitted from each of the following summaries of balance sheet and income statement data for two…

Exercise 1-11

Two items are omitted from each of the following summaries of balance sheet and income statement data for two corporations for the year 2014, Steven Craig and Georgia Enterprises.

Determine the missing amounts.

   
Steven

Craig
 
Georgia

Enterprises
Beginning of year:            
    Total assets   $108,068     $143,719  
    Total liabilities   94,699     [removed]  (c)
    Total stockholders’ equity   [removed]  (a)   83,558  
End of year:            
    Total assets   178,256     200,538  
    Total liabilities   133,692     55,705  
    Total stockholders’ equity   44,564     144,833  
Changes during year in stockholders’ equity:            
    Additional investment   [removed]  (b)   27,853  
    Dividends   26,738     [removed]  (d)
    Total revenues   239,532     111,410  
    Total expenses   194,968     61,276





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