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. Company Assets = Liabilities + Common Stock Dividends + Revenues Expenses 1 $ 40,000 = $ 16,000 + $ 20,000- $ 0 + $ 8,000 2 $ 80,000= $ 32,000 + $ 44,000 + $ 24,000 $ 18,000 < Required 1 Required 2 >
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. Company Assets = Liabilities + Common Stock Dividends + Revenues Expenses 1 $ 40,000 = $ 16,000 + $ 20,000- $ 0 + $ 8,000 2 $ 80,000= $ 32,000 + $ 44,000 + $ 24,000 $ 18,000 < Required 1 Required 2 >
Accounting Information Systems
11th Edition
ISBN:9781337552127
Author:Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill
Publisher:Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill
Chapter16: The General Ledger And Business Reporting (gl/br) Process
Section: Chapter Questions
Problem 5P
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