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2 3 24 25 26 27 Section 3: Accounting Equation Below is a lists of accounting information with missing amounts. Use the accounting equation

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2 3 24 25 26 27 Section 3: Accounting Equation Below is a lists of accounting information with missing amounts. Use the accounting equation to determine the missing amounts. Cash $1,800 $550 1000 Accounts receivable 1,200 100 e) Equipment 10,000 2,500 5000 Bank loan payable a 0 1,000 Accounts payable 1,500 c) 1,500 Mike, Capital, beginning of year 5,000 900 1,000 Mike, Drawings 3,500 350 500 Revenues 15,000 6,000 f) Expenses b) 4,000 5,000 Mike, Capital, end of year 2,500 d) 5,500

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