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1. Use the accounting equation to compute the missing financial statement amounts. Company ties - Assets $ 75,000 = $ 85,000
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Answer #1

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Asset = Liabilities + Stockholder's Equity
1 $     75,000 = $   35,000 + $                         40,000
2 $     95,000 = $   25,000 + $                         70,000
3 $     85,000 = $   20,000 + $                         65,000

B IA 1 Asset 2 1 75000 3 2 =D3+F3 4 3 85000 DE Liabilities Stockholders Equity =B2-F2 40000 25000 70000 20000 =B4-D4

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