Use the fundamental accounting equation to find the missing amounts. Scenario Assets Liabilities Equity 1 $...
Use the fundamental accounting equation to find the missing amounts.
| Scenario | Assets | Liabilities | Equity | |||||||||
| 1 | $ | $33,400 | $41,000 | |||||||||
| 2 | 112,000 | 69,000 | ||||||||||
| 3 | 49,000 | 32,000 | ||||||||||
Homework Answers
Assets = Liabilities + Equity
| Scenario | Assets | Liabilities | Equity |
|---|---|---|---|
| 1 | 74,400 | 33,400 | 41,000 |
| 2 | 112,000 | 43,000 | 69,000 |
| 3 | 49,000 | 32,000 | 17,000 |
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Use the fundamental accounting equation to find the missing
amounts.
Scenario
Assets
Liabilities
Equity
1
$...
1. Use the accounting equation to compute the missing financial statement amounts. Liabilities + Company 1...
1. Use the accounting equation to compute the missing financial statement amounts. Liabilities + Company 1 Assets $ 89,000 - + Equity $ 47.000 $ 84,000 2 $ 32,000 + 34.000 + 3 $ 113.000 - $ 2. Use the expanded accounting equation to compute the missing financial statement amounts. Company Assets Liabilities + Owner, Capital Revenues Owner, Withdrawals $ 0 Expenses 1 $ $ 23,000 + $ $ 68,000 = 106.600 = 34.000 58,000 2 $ $ 15.000 25,000...
he fundamental accounting equations for several businesses follow. Supply the missing amounts. Assets = Liabilities +...
he fundamental accounting equations for several businesses follow. Supply the missing amounts. Assets = Liabilities + Owner’s Equity Assets = Liabilities + Owner’s Equity 1. $27,100 = $5,210 + 2. $23,500 = $4,830 + 3. $48,375 = + $10,225 4. = $4,050 + $32,150 5. $54,300 = + $24,950
1. Use the accounting equation to compute the missing financial statement amounts. 1 2 3 $...
1. Use the accounting equation to compute the missing financial statement amounts. 1 2 3 $ $ $ 90,000 = 117,500 = 115,000 = $ $ $ 42,500 + 32,500 + 35,000 + $ $ $ 47,500 85,000 80,000 aces 2. Use the expanded accounting equation to compute the missing financial statement amounts. DIV Company 1 2 $ $ Assets - 70,000 - 108,500 - Liabilities $ 23,500 $ 39,500 + + Common Stock $ 35,000 $ 69,000 Revenues -...
1. Presented below is the basic accounting equation. Determine the missing amounts. Assets Liabilities + Owner's...
1. Presented below is the basic accounting equation. Determine the missing amounts. Assets Liabilities + Owner's Equity (a) $90,000 $50,000 (b) ? $44,000 $70,000 (c) $94,000 $53,000 1. Presented below is the basic accounting equation. Determine the missing amounts. Assets Liabilities + Owner's Equity (a) $90,000 $50,000 ? (b) ? $44,000 $70,000 (e) $94,000 ? $53,000 2. Given the accounting equation, answer each of the following questions. (a) The liabilities of Weber Company are $120,000 and the owner's equity is...
Brief Exercise 1-1 Presented below is the basic accounting equation. Determine the missing amounts. Assets Liabilities...
Brief Exercise 1-1 Presented below is the basic accounting equation. Determine the missing amounts. Assets Liabilities + Stockholders' Equity (a) $77,000 $45,000 $ (b) $ $46,000 $61,000 (c) $88,000 $62,000 $
1. Use the accounting equation to compute the missing financial statement amounts. Company ties - Assets...
1. Use the accounting equation to compute the missing financial statement amounts. Company ties - Assets $ 75,000 = $ 85,000 = $ Equity 40.000 70.00 + $ 1 25,000 20.000
Compute the missing amount in the accounting equation for each company (amounts in billions): Assets Liabilities...
Compute the missing amount in the accounting equation for each company (amounts in billions): Assets Liabilities Stockholders' Equity Water Street Bank $ ? $43 $35 Puffbelly Restaurant 30 ? 23 Blake Gift Shop 34 7 ? Requirement 1. Which company appears to have the strongest financial position? Explain your reasoning. Calculate the missing amounts. (Enter amounts in billions.) Assets Liabilities Stockholders' equity Water Street Bank $78 $43 $35 Puffbelly Restaurant 30 7 23 Blake Gift Shop 34 7 27 Which...
Is this correct? The fundamental accounting equations for several businesses follow. Supply the missing amounts. 1....
Is this correct?
The fundamental accounting equations for several businesses follow. Supply the missing amounts. 1. 2. 3. Assets l $ 27.600 = 5 s 24,000 = s 48,875 = 36,575 = S 54,800 = Liabilities + Owner's Equity 5 ,460 + $ 22.140 $ 5.080 + 18.920 5 38,525 + 5 10,350 5 4,300 + S 32.275 $ 29,725 + S 25.075 5.1
Question 3: The accounting equation is Assets = Liabilities + Owner’s Equity. For the following, determine...
Question 3: The accounting equation is Assets = Liabilities + Owner’s Equity. For the following, determine the amount in question for each individual situation. (10 points, 2 points per answer) Assets = Liabilities + Owner’s Equity 1 ??? $20,000 $45,000 2 $100,000 $34,000 ??? 3 $154,000 ??? $40,000 4 $250,000 ??? $78,000 5 ??? $63,000 $49,000
Accounting Equation Determine the missing amount for each of the following: Assets Liabilities + Owner's Equity...
Accounting Equation Determine the missing amount for each of the following: Assets Liabilities + Owner's Equity $189,400 $591,890 $94,700 $29,590 $45,580 $6,510
1. Use the accounting equation to compute the missing financial statement amounts. Liabilities + Company 1 Assets $ 89,000 - + Equity $ 47.000 $ 84,000 2 $ 32,000 + 34.000 + 3 $ 113.000 - $ 2. Use the expanded accounting equation to compute the missing financial statement amounts. Company Assets Liabilities + Owner, Capital Revenues Owner, Withdrawals $ 0 Expenses 1 $ $ 23,000 + $ $ 68,000 = 106.600 = 34.000 58,000 2 $ $ 15.000 25,000...
1. Use the accounting equation to compute the missing financial statement amounts. 1 2 3 $ $ $ 90,000 = 117,500 = 115,000 = $ $ $ 42,500 + 32,500 + 35,000 + $ $ $ 47,500 85,000 80,000 aces 2. Use the expanded accounting equation to compute the missing financial statement amounts. DIV Company 1 2 $ $ Assets - 70,000 - 108,500 - Liabilities $ 23,500 $ 39,500 + + Common Stock $ 35,000 $ 69,000 Revenues -...
1. Presented below is the basic accounting equation. Determine the missing amounts. Assets Liabilities + Owner's Equity (a) $90,000 $50,000 (b) ? $44,000 $70,000 (c) $94,000 $53,000 1. Presented below is the basic accounting equation. Determine the missing amounts. Assets Liabilities + Owner's Equity (a) $90,000 $50,000 ? (b) ? $44,000 $70,000 (e) $94,000 ? $53,000 2. Given the accounting equation, answer each of the following questions. (a) The liabilities of Weber Company are $120,000 and the owner's equity is...
Brief Exercise 1-1 Presented below is the basic accounting equation. Determine the missing amounts. Assets Liabilities + Stockholders' Equity (a) $77,000 $45,000 $ (b) $ $46,000 $61,000 (c) $88,000 $62,000 $
1. Use the accounting equation to compute the missing financial statement amounts. Company ties - Assets $ 75,000 = $ 85,000 = $ Equity 40.000 70.00 + $ 1 25,000 20.000
Is this correct?
The fundamental accounting equations for several businesses follow. Supply the missing amounts. 1. 2. 3. Assets l $ 27.600 = 5 s 24,000 = s 48,875 = 36,575 = S 54,800 = Liabilities + Owner's Equity 5 ,460 + $ 22.140 $ 5.080 + 18.920 5 38,525 + 5 10,350 5 4,300 + S 32.275 $ 29,725 + S 25.075 5.1
Accounting Equation Determine the missing amount for each of the following: Assets Liabilities + Owner's Equity $189,400 $591,890 $94,700 $29,590 $45,580 $6,510
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