Complete each equation by selecting the missing term.

Then, select the financial statement that the equation illustrates

1. Capital (beginning balance) + Investments by Owner + Net Income - ________? = Capital (ending balance)

Select missing term.

A.Assets

B.Drawing

C.Expenses

D.Liabilities

E.Revenue's

select the financial statement that the equation illustrates

A.Balance Sheet

B.Income Statement

C.Equity Statement

2.____?= Liabilities + Capital

Select missing term.

A.Assets

B.Drawing

C.Expenses

D.Net Income

E.Revenue's

select the financial statement that the equation illustrates

A.Balance Sheet

B.Income Statement

C.Equity Statement

3.Revenues - Expenses =

Select missing term.

A.Assets

B. Capital

C.Drawing

D. Liabilities

E.Net Income