Question: Try It! Use the expanded accounting equation to solve for the missing amount. Assets $30,000; Liabilities?; Owner's Capital, Beginning Balance $15,000; Revenues $10,000; Expenses $3,000;

Try It! Use the expanded accounting equation to solve for the missing amount. Assets $30,000; Liabilities?; Owner's Capital, Beginning Balance $15,000; Revenues $10,000; Expenses $3,000; Withdrawals $1,000 5 61. Accounts Payable 72 8 3. John Ryan, Capital (ending) Accounts Receivable 94. Computer Equipment 10 5. 11 6. Legal Fees (Revenue) Office Expense 127. Advertising Expense 13 8. 149. John Ryan, Withdrawals Salaries Payable 15 10. Cash 16 17 18 19 20 21 22 23 24 25 Identify which financial statement(s) the following titles would be placed on (income statement (IS), statement of owner's equity (OE), or balance sheet (BS)): 1. Accounts Payable 2. John Ryan, Capital (ending) 3. Accounts Receivable 4. Computer Equipment 5. Legal Fees (Revenue) 6. Office Expense 7. Advertising Expense 8. John Ryan, Withdrawals 9. Salaries Payable 10. Cash 26 27 28 29 30 31

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