Homework Answers
Accounting Equation
Assets = liabilities + Equity
Company 1 ) Liabilites = Assets - Equity ( 77000-41000) = 36000
Company 2) Assets = labilites+ Equity ( 26000+72000) = 98,000
Company 3) Equty = assets - Laibilities ( 89000-22000) = 67000
Accounting Equation Can be Expanded
Assets = Liabilites +common Stock- Dividend +Revenue -Expense
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Check my work QS 1-8 Applying the accounting equation LO A1 1. Use the accounting equation...
QS 1-8 Applying the accounting equation LO A1 1. Use the accounting equation to compute the...
QS 1-8 Applying the accounting equation LO A1 1. Use the accounting equation to compute the missing financial statement amounts. 2. Use the expanded accounting equation to compute the missing financial statement amounts. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Use the expanded accounting equation to compute the missing financial statement amounts. Assets Company Revenues Equity Dividends S - $ Liabilities • $ 17,500 - S 33,500 - Common Stock - 5...
QS 1-8 Applying the accounting equation LO A1 1. Use the accounting equation to compute the...
QS 1-8 Applying the accounting equation LO A1 1. Use the accounting equation to compute the missing financial statement amounts. pany Assets LiabilitiesEquity S 92,000 S 48,500 S 33,500 87,000 $ 119,000S 37,000 2. Use the expanded accounting equation to compute the missing financial statement amounts Revenues Expenses Liabilities Owner, Capital $ 24,500$ 37,000$ Assets 16,500 $ 74,000 $41,000 26,500 2 S 112,300S4 40,500s 61,000
1. Use the accounting equation to compute the missing financial statement amounts +46,500 $ 31,500$83,000 88,0001...
1. Use the accounting equation to compute the missing financial statement amounts +46,500 $ 31,500$83,000 88,0001 = 33,000- S 111,000 33,000+ ok 2. Use the expanded accounting equation to compute the missing financial statement amounts. Company Assets Liabilities Common Dividends Revenues Expenses S 66.000 22.500 S 33,000$ 104,700S 38,500S 57,000 S 14,500 S 37.00024,500
2. Use the expanded accounting equation to compute the missing financial statement amounts Company 1 Revenues...
2. Use the expanded accounting equation to compute the missing financial statement amounts Company 1 Revenues Assets $ 58,000 S 97 100- Liabilities s 20,500 $ 36,500 Common Stock $ 29,000 - $ 53.000 - Dividends $ 0 - Expenses $ 12.500 $ 22.500 2 + 33,000 -
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...
inunciai statement amounts. ded $ 91,000 S 118000 3000 33,000 36,000 48,000 86,000 81,000 300 $...
inunciai statement amounts. ded $ 91,000 S 118000 3000 33,000 36,000 48,000 86,000 81,000 300 $ 117,000 |s 2. Use the expanded accounting equation to compute the missing financial statement amounts LiabilitiesCommon 2 24,000 $ 3 40,000 36,000 - 60,000 26,000 0,40040,000 110,400 here to search
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 -...
S 1-7 Applying the accounting equation LO A1 a. Total assets of Charter Company equal $860,000...
S 1-7 Applying the accounting equation LO A1 a. Total assets of Charter Company equal $860,000 and its equity is $500,000. What is the amount of its liabilities? b. Total assets of Martin Marine equal $660,000 and its liabilities and equity amounts are equal to each other. What is the amount of its labilities? What is the amount of its equity? a. 860,000 b. 660,000 500,000 Prev 10, 12 Next 4) 8
13.59 2. Use the expanded accounting equation to compute the missing financial statement amounts. Dividends Revenues...
13.59 2. Use the expanded accounting equation to compute the missing financial statement amounts. Dividends Revenues Company 0 Assets S 54,000 = $ 93,300 = Common Stock $ 27,000 - $ 51,000 1 $ Liabilities $ 19,500 S 35,500 + Expenses $ 11,500 S 21.500 + $ 31,000 2 $ < Prev 2 of 6 Next > Me HI B 99. O Type here to search A SPI
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
QS 1-8 Applying the accounting equation LO A1 1. Use the accounting equation to compute the missing financial statement amounts. 2. Use the expanded accounting equation to compute the missing financial statement amounts. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Use the expanded accounting equation to compute the missing financial statement amounts. Assets Company Revenues Equity Dividends S - $ Liabilities • $ 17,500 - S 33,500 - Common Stock - 5...
QS 1-8 Applying the accounting equation LO A1 1. Use the accounting equation to compute the missing financial statement amounts. pany Assets LiabilitiesEquity S 92,000 S 48,500 S 33,500 87,000 $ 119,000S 37,000 2. Use the expanded accounting equation to compute the missing financial statement amounts Revenues Expenses Liabilities Owner, Capital $ 24,500$ 37,000$ Assets 16,500 $ 74,000 $41,000 26,500 2 S 112,300S4 40,500s 61,000
1. Use the accounting equation to compute the missing financial statement amounts +46,500 $ 31,500$83,000 88,0001 = 33,000- S 111,000 33,000+ ok 2. Use the expanded accounting equation to compute the missing financial statement amounts. Company Assets Liabilities Common Dividends Revenues Expenses S 66.000 22.500 S 33,000$ 104,700S 38,500S 57,000 S 14,500 S 37.00024,500
2. Use the expanded accounting equation to compute the missing financial statement amounts Company 1 Revenues Assets $ 58,000 S 97 100- Liabilities s 20,500 $ 36,500 Common Stock $ 29,000 - $ 53.000 - Dividends $ 0 - Expenses $ 12.500 $ 22.500 2 + 33,000 -
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...
inunciai statement amounts. ded $ 91,000 S 118000 3000 33,000 36,000 48,000 86,000 81,000 300 $ 117,000 |s 2. Use the expanded accounting equation to compute the missing financial statement amounts LiabilitiesCommon 2 24,000 $ 3 40,000 36,000 - 60,000 26,000 0,40040,000 110,400 here to search
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 -...
S 1-7 Applying the accounting equation LO A1 a. Total assets of Charter Company equal $860,000 and its equity is $500,000. What is the amount of its liabilities? b. Total assets of Martin Marine equal $660,000 and its liabilities and equity amounts are equal to each other. What is the amount of its labilities? What is the amount of its equity? a. 860,000 b. 660,000 500,000 Prev 10, 12 Next 4) 8
13.59 2. Use the expanded accounting equation to compute the missing financial statement amounts. Dividends Revenues Company 0 Assets S 54,000 = $ 93,300 = Common Stock $ 27,000 - $ 51,000 1 $ Liabilities $ 19,500 S 35,500 + Expenses $ 11,500 S 21.500 + $ 31,000 2 $ < Prev 2 of 6 Next > Me HI B 99. O Type here to search A SPI
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
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