I have to fill out the missing spots in this spreadsheet for my accounting class.....I already figured out the missing assetts, liabilities, and owners equity numbers easily using the accounting equation (Assetts= liabilities + owners expense)


Company X
Beg of Year
Assets=360
Liabilities=280
Owners Equity=80

End of Year
Assets=380
Liabilities=320
Owners Equity=60

Expenses for the year=100

How do I calculate revenues?
Also, if it gave me revenues and not expenses, how would I calculate expenses for that year?

Thanks, any help is greatly appreciated!

The Fundamental Accounting Equation
Financial information for three independent cases is given below.

assets liabilities equity
$112,800 $(b) $51,000
275,000 162,500 (c)
(a) 15,000 43,200

Assets = Liabilities + Owners Equity
Liabilities = Assets - Owners Equity
Owners Equity = Assets - Liabilities