For the items listed below, fill in the appropriate code letter to indicate whether the item is an asset, liability, or stockholders equity item.

Code

Asset A

Liability L

Stockholders Equity SE

______ 1. Service Revenue ______ 6. Cash

______ 2. Common Stock ______ 7. Accounts Receivable

______ 3. Accounts Payable ______ 8. Retained Earnings

--------- 4. Land ______ 9. Rent Expense

______ 5. Notes Payable ______ 10. Supplies Expense

Compute the missing amount in each category of the accounting equation. You MUST show your work.

Assets Liabilities Stockholders Equity

(a) $225,000 $ ? $ 110,000

(b) $195,000 $ 70,000 $ ?

(c) $ ? $210,000 $200,000