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    Dec 22, 2007, 08:06 PM
    Expanded accouting equation
    2-14Expanded Accounting Equation

    For the following four cases, use the expanded accounting equation to compute the missing

    quantity.

    Assets Liabilities Capital Stock Retained Earnings

    Case A $20,000 $ 8,000 A $ 3,500

    Case B 16,000 B $ 5,000 2,000

    Case C C 11,000 14,000 32,000

    Case D 46,000 30,000 20,000 D

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