Ex1-6 | Formula | |||
Accounting Equation=Assets=Liabilities+Stockholder's equity | ||||
a) | Assets | $ 18,95,000.00 | ||
Liabilities | $ 5,50,000.00 | |||
Stockholder's Equity | $ 13,45,000.00 | |||
liabilities+Stockholder's Equity | $ 18,95,000.00 | |||
b) | Assets | $ 7,76,500.00 | ||
Liabilities($776500-$588800) | $ 1,87,700.00 | |||
Stockholder's Equity | $ 5,88,800.00 | |||
liabilities+Stockholder's Equity | $ 7,76,500.00 | |||
c) | Assets | $ 1,47,50,000.00 | ||
Liabilities | $ 44,55,000.00 | |||
Stockholder's Equity($14750000-$4455000) | $ 1,02,95,000.00 | |||
liabilities+Stockholder's Equity | $ 1,47,50,000.00 | |||
Ex1-7) | ||||
a) | Assets | $ 52,50,000.00 | ||
Liabilities | $ 16,00,000.00 | |||
Stockholder's Equity($5250000-$1600000) | $ 36,50,000.00 | |||
liabilities+Stockholder's Equity | $ 52,50,000.00 | |||
b) | Assets($5250000+$800000) | $ 60,50,000.00 | ||
Liabilities($1600000+$330000) | $ 19,30,000.00 | |||
Stockholder's Equity($6050000-$1930000) | $ 41,20,000.00 | |||
liabilities+Stockholder's Equity | $ 60,50,000.00 | |||
c) | Assets($5250000-$600000) | $ 46,50,000.00 | ||
Liabilities($1600000+$140000) | $ 17,40,000.00 | |||
Stockholder's Equity($4650000-$1740000) | $ 29,10,000.00 | |||
liabilities+Stockholder's Equity | $ 46,50,000.00 | |||
d) | Assets($5250000+$440000) | $ 56,90,000.00 | ||
Liabilities($1600000-$90000) | $ 15,10,000.00 | |||
Stockholder's Equity($5690000-$1510000) | $ 41,80,000.00 | |||
liabilities+Stockholder's Equity | $ 56,90,000.00 | |||
Ex1-8 | Assets | Liabilities | Stockholder's Equity | |
Accounts Receivable | Accounts Payable | Fees Earned | ||
Supplies | Supplies Expense | |||
Utilities Expense | ||||
Note: Revenue and Expenses affects Stockholder's Equity. | ||||
2. $1,895,000 EX 1-6 Accounting equation Determine the missing amount for each of the following: Assets...
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