Ask Experts Questions for FREE Help !
Ask
    ajturner32's Avatar
    ajturner32 Posts: 7, Reputation: 1
    New Member
     
    #1

    Sep 28, 2007, 02:02 PM
    Expanded Accounting Equation
    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
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
    Ultra Member
     
    #2

    Sep 28, 2007, 06:23 PM
    8,500

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 [ 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 [ 4 Answers ]

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 ...

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