Activity 4.b-Using the Expanded Accounting Equation Using the expanded accounting equation, calculate and enter the answers for each question. You will need to use the answers you calculate for beginning and ending equity to answer the rest of the questions. Assets Liabilities Beginning of Year: $19,000 $27,000 End of Year: $26,000 $61,000 2) What is the equity a 1) What is the equity at the beginning of the year? Ending Equity Beginning Equity 4) If net income is $3,00 are $5,200, how much d owner, capital)? 3) If the owner contributes $7,000 and the owner withdraws $41,500, how much is net income (loss)? epurt tu the gradebook. If you are not ready to submit work for a grade, you can try activities again or attempt the Practice Mastery. Your work will be saved as you work through each part. Drag the account types to form the expanded accounting equation. Begin the equity section with capital. Then, identify whether the item increases, +', or decreases, ", equity. Accounts Owner, Receivable Accounts Payable Owner, Capital Cash Withdrawals Unearned Revenues Revenues Expenses Assets Liabilities Drag card t Drag card here Drag card here 2 Enter the missing value to balance the equation. Activity 4.b-Using the Expanded Accounting Equation Using the expanded accounting equation, calculate and enter the answers for each question. You will need to use the answers you calculate for beginning and ending equity to answer the rest of the questions. Assets Liabilities Beginning of Year: $19,000 $27,000 End of Year: $26,000 $61,000 2) What is the equity a 1) What is the equity at the beginning of the year? Ending Equity Beginning Equity 4) If net income is $3,00 are $5,200, how much d owner, capital)? 3) If the owner contributes $7,000 and the owner withdraws $41,500, how much is net income (loss)? epurt tu the gradebook. If you are not ready to submit work for a grade, you can try activities again or attempt the Practice Mastery. Your work will be saved as you work through each part. Drag the account types to form the expanded accounting equation. Begin the equity section with capital. Then, identify whether the item increases, +', or decreases, ", equity. Accounts Owner, Receivable Accounts Payable Owner, Capital Cash Withdrawals Unearned Revenues Revenues Expenses Assets Liabilities Drag card t Drag card here Drag card here 2 Enter the missing value to balance the equation