Need-to-Know 1-3
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4 Terms
1
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Use the accounting equation to compute the missing financial statement amounts:
Company Assets Liabilities Equity
Bose $150 $30 $_____
Company Assets Liabilities Equity
Bose $150 $30 $_____
120
2
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Use the accounting equation to compute the missing financial statement amounts:
Company Assets Liabilities Equity
Vogue $____ $100 $300
Company Assets Liabilities Equity
Vogue $____ $100 $300
400
3
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Use the expanded accounting equation to compute the missing financial statement amounts.
Company Assets Liab. Capital Withdrawals Rev. Exp.
Tesla $200 $80 $100 $5 $____ $40
Company Assets Liab. Capital Withdrawals Rev. Exp.
Tesla $200 $80 $100 $5 $____ $40
65
4
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Use the expanded accounting equation to compute the missing financial statement amounts.
Company Assets Liab. Capital Withdrawals Rev. Exp.
YouTube $400 $160 $220 $______ $120 $90
Company Assets Liab. Capital Withdrawals Rev. Exp.
YouTube $400 $160 $220 $______ $120 $90
10
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Flashcards (22)