Use the expanded accounting equation to compute the missing financial statement amounts. Company Assets. = Liability...
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Use the expanded accounting equation to compute the missing financial statement amounts. Company Assets. = Liability + Owner capital - Owner withdrawals + Revenues $64,000 $22,000 $32,000 $0 $? 2. $102,800 $38,000 $56,000 $? $36,000 What is the revenues amount for company 1 and the owner withdrawals for company 2? 1. Expenses $14,000 $24,000 Use the expanded accounting equation to compute the missing financial statement amounts. Company Assets. = Liability + Owner capital - Owner withdrawals + Revenues $64,000 $22,000 $32,000 $0 $? 2. $102,800 $38,000 $56,000 $? $36,000 What is the revenues amount for company 1 and the owner withdrawals for company 2? 1. Expenses $14,000 $24,000
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0077862275
22nd edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
Posted Date:
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