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