Q1) Expanded Accounting Equation
For four cases given below, use expanded accounting equation to calculate missing quantity.
|
Assets |
Liabilities |
Capital Stock |
Retained Earnings |
Case A |
$20000 |
$8000 |
A |
$3500 |
Case B |
16000 |
B |
$5000 |
2000 |
Case C |
C |
11000 |
14000 |
32000 |
Case D |
46000 |
30000 |
20000 |
D |