Need-to-Know 1-3

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Use the accounting equation to compute the missing financial statement amounts:

Company Assets Liabilities Equity Bose $150 $30 $_____

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Finance

4 Terms

1

Use the accounting equation to compute the missing financial statement amounts:

Company Assets Liabilities Equity Bose $150 $30 $_____

120

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2

Use the accounting equation to compute the missing financial statement amounts:

Company Assets Liabilities Equity Vogue $____ $100 $300

400

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3

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

65

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4

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

10

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