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Activity 1.a - Balance the Basic Accounting Equation Enter the missing values to balance the equations. Assets = Liabilities + Equity = 49,000 + 48,000
Activity 1.a - Balance the Basic Accounting Equation Enter the missing values to balance the equations. Assets = Liabilities + Equity = 49,000 + 48,000 59,000 = + 10,000 48,000 = 37,000 + Activity 2.a - The Four Items that affect Equity Drag the items that affect equity into the expanded accounting equation in order of Contributed Capital + Retained Earnings. Then, identify whether the item increases, '+', or decreases,'', equity. View drag and drop keyboard instructions Common Stock Cash : Dividends: Accounts Receivable Accounts Payable Revenues : Expenses : Unearned Revenues Assets = Liabilities = Activity 3.a - Classify the Accounts Classify which part of the expanded accounting equation each account title belongs to by dragging the account into the correct bucket. View drag and drop keyboard instructions Office Supplies Common Stock : Dividends Supplies Expense Unearned Revenue : Interest Revenue Service Revenue Salaries Payable Repairs Expense Cash : Land Truck Building Prepaid Rent Accounts Payable : Notes Payable Salaries Expense Delivery Expense Asset Liability Common Stock Dividends Revenue Expense Drag card here Drag card here Drag card here Drag card here Drag card here Drag card here Activity 3.b - More Practice with Classifying Accounts Fill in the blanks with the category of the expanded accounting equation (assets, liabilities, common stock, dividends, revenues, expenses). Do not abbreviate any answers. Land Common Stock Dividends Delivery Expense Unearned Revenue Interest Revenue Truck Office Furniture
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