[stmj001]

Solving for (a) I know Assets= liabilities-Stockholders Equity but figure expenses and dividends play into this somehow. I am a beginning student and need help not only finding the right answer but also I really need to understand how to figure it.

Beginning
Assets $28,000
Liabilities 18,600
Ending
Assets 30,100
Liabilities 17,300
During the year
Sales Revenue (a)
Expenses 8,500
Dividends 3,000

[pready]

First thing you have to do is get beginning equity, which is Assets - Liabilities = Equity

Now you have to know the formula for finding ending equity, which is:
Ending Equity = Beginning Equity + Net Income - Dividends

Which can be rewritten to find Net Income:
Net Income = Ending Equity - Beginning Equity + Dividends

Now you can solve for Revenues:
Net Income = Revenues - Expenses

Rewritten as:
Revenues = Net Income + Expenses

Now you have to solve for Net

[stmj001]

Thanks I'll figure it and do the problems. I really appreciate the help.