Homework Answers
| 7 | $21,600 Increase | |||||||
| Assets | = | Liabilities | + | Stockholders' Equity | ||||
| $102,000 | = | $76,000 | + | $26,000 | (Balance) | |||
| $12,400 | = | -$9,200 | + | |||||
| $114,400 | = | $66,800 | + | $47,600 | (Balance) | |||
| Change | ||||||||
| $21,600 | Increase | |||||||
| ($47,600 - $26,000) | ||||||||
| 9 | $453,000 increase | |||||||
| Assets | = | Liabilities | + | Stockholders' Equity | ||||
| Common Stock | + | Retained Earnings | ||||||
| $702,000 | = | $351,000 | + | $202,000 | + | $149,000 | (Balance) | |
| $402,000 | = | -$51,000 | + | $277,000 | ||||
| $1,104,000 | = | $300,000 | + | $479,000 | $325,000 | (Balance) | ||
| Change | ||||||||
| $453,000 | Increase | |||||||
| ($479,000 + $325,000 - $202,000 - $149,000) | ||||||||
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