Need-to-Know 1-3

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

Company Assets Liabilities Equity Bose $150 $30 $_____

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

Company Assets Liabilities Equity Bose $150 $30 $_____

120

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

Company Assets Liabilities Equity Vogue $____ $100 $300

400

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

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