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  • Sep 9, 2007, 03:57 PM
    isonbuffalo
    Expanded Accounting Equation
    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
  • Sep 14, 2007, 09:06 PM
    artley
    How do you compute the mising quanities for an expanded accounting equation?

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