Use the expanded accounting equation to compute the missing quantity.
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
|
30,000
|
20,000
|
D
|