Question: Use the expanded accounting equation to compute the missing financial statement amounts. Company Assets. = Liability + Owner capital - Owner withdrawals + Revenues

Use the expanded accounting equation to compute the missing financial statement amounts.

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

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

The detailed answer for the above question is provided below ANSWERS ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Use the accounting equation to compute the missing financial statement amounts (a), (b), and(c). Equity $40,000 70,000 Company Liabilities Assets 75,000 85,000 2 $ (a 25,000 20,000

Use the accounting equation to compute the missing financial statement amounts (a), (b), and (c). Company AssetsLiabilitiles +Equlty $375,000 S (b) $185,000 $ (a) $90,000 $60,000 $250,000 $160,000

Use the accounting equation to compute the missing financial statement amounts (a), (b), and(c). Company Equity Assets S 30,000 b) 90,000 Liabilities $ (a) 2 3 50,000 10,000 30,000

use the expanded accounting equation to compute the missing financial statement amounts company. Assets. = liability + owner capital - owner withdrawals + Revenues - expenses 1. $64,000. $22,000....

Target Corporation: Create Eval financial forecast excel and Word document , please follow these example file Explain why the principal values of calculating financial ratios are to make comparisons...

Good day! Can you help with the attached question? DCF Valuation and EVA/MVA Analysis Using the company that was selected for the class, there are two parts to this assignment: 1. DCF Company...

Hello Finstat. I have really appreciated your help so far. Can you help with the attached? From what I can tell and what the instructor has told us is that this is less involved than the previous...

Q1-Explain how the EBIT Chart works (inputs determining the outputs-the two lines on the chart Case Leahy Bread Company (LBC) in Cohen Finance Workbook, page 111( a 'caselette') SEE THE IS/BS MODEL &...

. What are the advantages and disadvantages of Rosetta Stone going public? 2. What do you think the current value of a share of Rosetta Stone is (at the time of the case)? Justify your valuation on a...

1. What are the advantages and disadvantages of Rosetta Stone going public? 2. What do you think the current value of a share of Rosetta Stone is (at the time of the case)? Justify your valuation on...

Find Starbucks 2011 statement of cash flows either on Starbucks Web site or using the SECs EDGAR database. 1. Did Starbucks net cash provided by operating activities increase or decrease between the...

Briefly describe the process of competitive bidding and discuss the relative advantages and disadvantages.

( b ) lim x 0 0 3 x s i n ( t 2 ) d t x 3 =

Sydney is considering making a monthly investment for her son who will be five years old on his next birthday. She wishes to make payments until his 18th birthday and intends to pay 50 per month into...

The 120-lb woman jogs up the flight of stairs in 5 seconds. Determine her average power output. Convert all given information to SI units and repeat your calculation. 9'

Conduct this experiment to determine the heat loss coefficient of your house or apartment in W/C or Btu/h.F. First make sure that the conditions in the house are steady and the house is at the set...

How do enterprise content management systems help organizations manage structured and semistructured knowledge? What are two examples of each type of knowledge handled by these systems?

An important numerical calculation on a spacecraft is carried out independently by three computers. If all arrive at the same answer it is deemed correct. If one disagrees it is overruled. If there...

In your response posts to at least two peers discuss the following: Do you look at statistics differently now? If so, how? What advice can you offer to help others make the most appropriate use of...

Refer to Samsungs 2013 balance sheet in Appendix A near the end of the book. Confirm that its total assets equal its total liabilities plus total equity.

Refer to the information in Exercise and assume the periodic inventory system is used. Determine the costs assigned to ending inventory and to cost of goods sold using In Exercise Hemming Co....

Vehicles heading west on Front Street may turn right, turn left, or go straight ahead at Elm Street. The city traffic engineer believes that half of the vehicles will continue straight through the...

The publisher of a sports magazine plans to offer new subscribers one of three gifts: a sweatshirt with the logo of their favorite team, a coffee cup with the logo of their favorite team, or a pair...

The Consumer Confidence Survey is a monthly review that measures consumer confidence in the U.S. economy. It is based on a typical sample of 5,000 U.S. households. Last month 9.1% of consumers said...