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1. Use the accounting equation to compute the missing financial statement amounts. Company Assets Liabilities + Equity 1 $ 94,000 = + $ 2
1. Use the accounting equation to compute the missing financial statement amounts. Company Assets Liabilities + Equity 1 $ 94,000 = + $ 2 = $ 34,500 + $ 49,500 89,000 3 $ 123,000 = $ 39,000 + Assets Liabilities 2. Use the expanded accounting equation to compute the missing financial statement amounts. Company Revenues Owner, Capital Owner, Withdrawals Expenses 1 $ 78,000 $ 25,500 + $ 39,000- $ 0+ $ 17,500 2 $ 116,100 $ 41,500 + $ 63,000 + $ 43,000 $ 27,500
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