Ask Experts Questions for FREE Help !
Ask
    gotta be one's Avatar
    gotta be one Posts: 17, Reputation: 1
    New Member
    		  
    #1

    Sep 16, 2007, 01:17 PM
    expanded accounting equation
    Assets Liabilities Capital Stock Retained Earnings

    Case A $25,000 $ 9,000 12,500 $ 3,500
    Case B $15,000 5000 $ 6,000 $4,000
    Case C 5000 12,000 15,000 32,000
    Case D $45,000 $25,000 $27,000 -7000



    Is these # right 12,500
    5,000
    5,000
    -7,000
    gotta be one's Avatar
    gotta be one Posts: 17, Reputation: 1
    New Member
    		  
    #2

    Sep 16, 2007, 01:24 PM
    Quote Originally Posted by gotta be one
    Assets Liabilities Capital Stock Retained Earnings

    Case A $25,000 $ 9,000 12,500 $ 3,500
    Case B $15,000 5000 $ 6,000 $4,000
    Case C 5000 12,000 15,000 32,000
    Case D $45,000 $25,000 $27,000 -7000



    is these # right 12,500
    5,000
    5,000
    -7,000
    expanded account. Equation
    Assets Liabilities Capital Stock Retained Earnings

    Case A $25,000 $ 9,000 12,500 $ 3,500
    Case B $15,000 5000 $ 6,000 $4,000
    Case C 5000 12,000 15,000 32,000
    Case D $45,000 $25,000 $27,000 -7000
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
    Ultra Member
    		  
    #3

    Sep 16, 2007, 03:17 PM
    Cases A, B and D are correct

    Case C is 59,000
    payge3's Avatar
    payge3 Posts: 1, Reputation: 1
    New Member
    		  
    #4

    Sep 17, 2007, 07:51 PM
    Quote Originally Posted by CaptainForest
    Cases A, B and D are correct

    Case C is 59,000
    How is C right?
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
    Ultra Member
    		  
    #5

    Sep 17, 2007, 11:58 PM
    Quote Originally Posted by payge3
    How is C right?
    Are you asking why I say the answer is 59,000? Or are you asking why the Original Poster said the answer is 5,000?
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Expanded Accounting Equation [ 9 Answers ]

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 $20,000 $ 8,000 A $ 3,500 Case B 16,000 B $ 5,000 2,000 Case C C 11,000 14,000 32,000 Case D 46,000...

Expanded accounting equation [ 3 Answers ]

Is this the expanded accounting equation? Assets = liabilities + owner's equity + revenue - expenses If so, where does retained equity fall under? This is what I did. We have to find the balnk spot. 20, 000 (assets) = 8,000 (liabilities) + X (capital stock) + 3,500 (retained earnings)

Expanded Accounting Equation [ 1 Answers ]

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 ...

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...

Expanded Accounting Equation [ 4 Answers ]

I have answered these questions and I am wondering if they are correct?:( For the following four cases, use the expanded accounting equation to compute the missing quantity. ASSETS LIABILITIES CAPITAL STOCK RETAIN ED EARNINGS Case A $20,000 $8,000 A ...

View more questions Search