Question: Review the basic accounting formulas: Assets = Liabilities + Owner's Equity Revenue - Expenses = Net Income Calculate the missing values on the financial statements.

Review the basic accounting formulas: Assets = Liabilities + Owner's Equity
  1. Review the basic accounting formulas:
    • Assets = Liabilities + Owner's Equity
    • Revenue - Expenses = Net Income
  2. Calculate the missing values on the financial statements.

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