Check my wo 2 1. Use the accounting equation to compute the missing financial statement amounts. Company 1 Assets $ 84.000 10 points Liabilities Equity $ 44,500 $ 29,500 + $ 79,000 $ 29,000 2 3 $ 103,000 = eBook Hint Print References 2. Use the expanded accounting equation to compute the missing financial statement amounts. Revenues Company 1 Assets $ 58.000 S 97.100 Liabilities $ 20.500 36,500 Common Stock $ 29,000 - $ 53,000 Dividends $ O Expenses $ 12,500 $ 22,500 . $ 33,000 1 QS 1-7 Applying the accounting equation LO A1 the amount 10 points a. Total assets of Charter Company equal $760,000 and its equity is $450,000. What is the amount of its liabilities? b. Total assets of Martin Marine equal $560,000 and its liabilities and equity amounts are equal to each other. What of its liabilities? What is the amount of its equity? Book Liabilities Equity 450,000 Hint Assets $ 760,000 $ 560,000 a b Print References Exercise 1-8 Using the accounting equation LO A1 Determine the missing amount from each of the separate situations given below. Assets Liabilities $ 103,000 $ 47,000+ Equity $ 46,000 + $ 110,000 = 170,000 = $ + $ 62,000 Do Exercise 1-9 Part a a. At the beginning of the year, Addison Company's assets are $169,000 and its equity is $126,750. During the year, assets increase $80,000 and liabilities increase $53.000. What is the equity at year-end? Equity 126,750 $ Berences $ Assets 169.000 80.000 - Beginning Change Ending 53.000