Complete each equation by selecting the missing term.

Then, select the financial statement that the equation illustrates.

(a) Revenues - Expenses =?

Assets

Capital

Drawing

Liabilities

Net Income

Statement

Balance Sheet

Income Statement

Equity Statement

(b)?

Assets

Drawing

Expenses

Net Income

Revenues

= Liabilities + Capital

Statement

Balance Sheet

Income Statement

Equity Statement

(c) Capital (beginning balance) + Investments by Owner + Net Income -?

Assets

Drawing

Expenses

Liabilities

Revenues

= Capital (ending balance)

Statement

Balance Sheet

Income Statement

Equity Statement