BEGINNING
Assets - 28000
Liabilities - 18600

ENDING
Assets - 30000
Liabilities - 17300

DURING THE YEAR
Sales Revenue -??
Expenses - 8500
Dividends - 3000

What would be the sales revenue?

First you have to get both the beginning and ending Owners Equity. The formula is: Owners Equity = Assets - Liabilities

Now you have to account for the change in Owners Equity. The basic formula for this is: Ending Owners Equity = Beginning Owners Equity + Net Income (Revenues - Expenses) - Dividends.


This formula can be rewritten as:

Sales Revenue = Ending Owners Equity - Beginning Owners Equity + Expenses + Dividends