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View Full Version : Expanded Accounting Equation


isonbuffalo
Sep 9, 2007, 03:57 PM
Skibbe, Inc. had the following information reported. From these data, determine the amount of :

Capital stock at December 31, 2005
Retained Earnings at December 31, 2006
Revenues for the year 2006

Equipment 7/30 1500
Land 7/30 4000
Accounts Pay. 7/25 5000
7/10 20000
Bal. 15000
Sales Revenue 7/14 18000
Goods Sold 7/14 15000
Advertising Exp. 7/1 3420
Rent Expense 7/23 2000

artley
Sep 14, 2007, 09:06 PM
How do you compute the mising quanities for an expanded accounting equation?