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

While I know that the expanded accounting equation is Assets = Liabilities + Owners Equity... I am unsure how to compute the missing data. How come some of the numbers have $ signs and others do not?

:confused:

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)

Assets = Liabilities + Capital Stock + Retained Earnings

Based on the above information, I am sure it can lead you in the right direction to solve this question.

If that is the formula, am I correct in saying...

(a) = 8500

(b) = 9000

(c) = 57000

(d) = -4000

I appreciate how quickly you responded. Thank you :-)

Yes, you are correct in saying what you said.