Enable Editing in viides Unless you need to edit it's safe to stay in Protected View Week 2 -Class Work 1. What is the Accounting Equation? 2. What is an Asset? (b) provide a list of examples. 3. What is a liability? (b) provide a list of examples 4. What is Owner' Equity. (b) What are the four types of accounts that affect owners' equity? (c) Which two accounts increase it (D) and which two accounts decrease equity? 5. What is the difference between "Accounts Receivables" and "Accounts Payables QS 1-10Applying the accounting equation LO7 Determine the missing amount for each of the following equations Les + Assets $75.000 $300,000 Elty 2 $ 40.500 ? 385.500 55.400 ? $187.500 QS 1-15 O 170 J 5 Review View Help Tell me what you want to do ases. Unless you need to edit it's safe to stay in Protected View. Enable Editing US 1-15 Tim Roodstor begon Roadster Servicing on April 1, 2017, and showed the following items after the first month of operations Match each of these items with the financial statement or statements on which should be presented. Indicate your answer by writing the letter or betters for the correct statements) in the blank space next to each item a income statement b. Statement of changes in equity Balance sheet 1. Supplies 2. Supplies expense 3. Accounts receivable 4. Accounts payable 5. Equipment $10 22 25 12 40 6. Tim Roadster's withdrawals in April 35 7. Notes payable 30 8. Utilities expense SIO 9. Furniture 20 10. Revenue 70 11. Rent revenue 35 12. Salaries expense 45 13. Tim Roadster's investments in April 60 14. Profit O BE 17CM SUS