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EXERCISE 1-3 (L04) Calculating Missing Amounts b. C. Assets 50,000 10,000 ? Liabilities + Equity + ? 20,000 ? + 1,000 15,000 + 80,000 Required:
EXERCISE 1-3 (L04) Calculating Missing Amounts b. C. Assets 50,000 10,000 ? Liabilities + Equity + ? 20,000 ? + 1,000 15,000 + 80,000 Required: Calculate the missing amounts in a, b, and c above. Additionally, answer each of the questions in d and e below. d. Assets are financed by debt and equity. The greatest percentage of debt financing is reflected in a, b, or c? e. The greatest percentage of equity financing is reflected in a, b, or c? EXERCISE 1-4 (LO4) Calculating Missing Amounts Required: Calculate the missing amounts for companies A to E. A B C $3,000 $1,000 $ ? 8,000 6,000 4,000 ? 2,000 3,000 1,000 Cash Equipment Accounts Payable Share Capital Retained Earnings 4,000 1,500 3,000 500 D $6,000 7,000 3,000 4,000 7 III COLLEGE E $2,500 ? 4,500 500 1,000 triOS COLLEGE
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