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    edgecomber's Avatar
    edgecomber Posts: 1, Reputation: 1
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    #1

    Nov 23, 2009, 11:56 AM
    How to correctly use the expanded accounting equation
    Hi how are you doing I have been given a assignment to take the folloing informaiton below and give the answer for the following areas missing the number using the expanding accounting equation. Below also is what I had came up with as for a answer could you please let me know if I am on track or if maybe I might have done something wrong. Thank You

    Expanded Accounting Equation
    For the following four cases, use the expanded accounting equation to compute the missing Quantity.

    Assets Liabilities Capital Stock Retained Earnings
    Case A $23,000 $11,000 A $4,500
    Case B $17,500 B $4,500 $3,600
    Case C C $14,000 $11,000 $27,000
    Case D $45,000 $29,000 $18,000 D

    I came up with the following answers
    Case A $7,500
    Case B $4,900
    Case C $52,000
    Case D -$2,000
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Nov 27, 2009, 12:24 AM

    Watch the columns... they don't show up when you post.

    You've got everything (even the deficit), except B is 9400. Since everything else is correct, and therefore it seems you "get" how this works, and since your answer is just flipped around, can I assume that's a typo?
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