1.Revenues -____? = Net Income

Select missing term.

A.Assets

B.Capital

C.Drawing

D.Liabilities

E.Expenses

select the financial statement that the equation illustrates

A.Balance Sheet

B.Income Statement

C.Equity Statement

2 Assets =____? + Capital

Select missing term.

A.Drawing

B.Expenses

C.Liabilities

D.Net Income

E.Revenues

select the financial statement that the equation illustrates

A.Balance Sheet

B.Income Statement

C.Equity Statement

3. Capital (beginning balance) +___?Net Income - Drawing = Capital (ending balance)

Select missing term.

A.Assets

B.Investments by Owner

C.Revenues

D.Liabilities

E.Expenses

select the financial statement that the equation illustrates

A.Balance Sheet

B.Income Statement

C.Equity Statement