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Originally Posted by gla01
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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...
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)
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
This problem was posted but I have no idea how the answer was found. Anyone? njyesca6:confused:
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...
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