Expanded accounting equation

rmedina Posts: 6, Reputation: 1

New Member

Apr 23, 2009, 11:39 AM

expanded accounting equation

Assets 45,000-Liabilities 29,000-Capital stock 19,000 , retained earnings ?
Is the answer for retained earnings -3,000?

morgaine300 Posts: 6,561, Reputation: 276

Uber Member

Apr 23, 2009, 03:06 PM

Yup. :-)

Add your answer here.

Check out some similar questions!

Expanded Accounting Equation [ 4 Answers ]

For the following four cases below, please advise if I have computed the missing quantity correctly within the backets to support an expanded accounting equation. Transactions Assets Liabilities Capital stock Retained earnings Case A $23,000.00 ...

Example of an Expanded Accounting Equation [ 1 Answers ]

How to use the expanded accounting equation to compute a missing quantity?

Expanded Accounting Equation [ 1 Answers ]

Using the expanded accounting equation what is the missing quantity for the below. Assets Liabilities Capital Stock Retained Earnings 20,000 8,000 ? 3,500

Expanded Accounting Equation [ 3 Answers ]

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...