Complete each equation by selecting the missing term.

Then, select the financial statement that the equation illustrates.

1.Assets = ? + Capital

Select missing term.

A.Drawing

B.Expenses

C.Liabilities

D.Net Income

E.Revenues

select the financial statement that the equation illustrates

Statement Sheet

Income Statement

Equity Statement

2.Revenues- _______? = net income

Select missing term.

A.Assets

B.Capital

C.Drawing

D.Expenses

E.Liabilities

select the financial statement that the equation illustrates

A.Balance Sheet

B.Income Statement

C.Equity Statement

3.Capital (beginning balance) + Investments by Owner +____?- Drawing = Capital (ending balance)

Select missing term

A.Assets

B.Expenses

C.Liabilities

D.Net income

E.Revenues

select the financial statement that the equation illustrates

A.Balance Sheet

B.Income Statement

C.Equity Statement