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Please help if you can't answer all you can answer just what you know Drag the account types to form the expanded accounting equation. Begin
Please help if you can't answer all you can answer just what you know
Drag the account types to form the expanded accounting equation. Begin the equity section with capital. Then, identify whether the item increases, '+', or decreases, '', equity. Owner. Capital Cash Owner Withdrawals Accounts Receivable Accounts Payable Revenues Expenses Unearned Revenues Assets Liabilities Derdhe Dragan Brand Dragan Draganit here On Card Enter the missing value to balance the equation. 28.000 + 39,000 43,000 + 49,000 45,000 8.000 = + 32,000 - 48,000 + 29,000 - 45,000 39,000 = 47,000 + 28,000 + 8,000 - 27,000 3 Identify the part of the expanded accounting equation for each account title. Furniture Salaries (and Wages) Expense Utilities Payable Owner, Capital Owner, Withdrawals Service Revenue Build a T-account for each account title. Label the DR (debit), CR (credit), NB (normal balance), and "+"or Debit Credit Normal Balance Truck Owner. Capital Owner Withdrawals + + + Interest Expense Unearned Revenue Interest Revenue + Using the expanded accounting equation, calculate and enter the answers for each question. You will need to use the answers you calculate for beginning and ending equity to answer the rest of the questions Assets Liabilities Beginning Year SO 110.000 ind of Year 000 12.000 1) What is the equity at the beginning of the year? 2) What is the equity at the end of the year? Beginning Equity Ending Equity 3) If the owner contributes $6,000 and the owner withdraws $40.100, how much is net income (loss)? 4) If net income is $2,600 and owner withdrawals are $5,200, how much did the owner contribute (owner, capital? Net Income (1) Owner, Capital 6) If the owner contributes 543,300 and the owner withdraws 51,300,how much is net income foss)? 5) if the owner contributes 518.200 and net income is 516,100,how much did the owner withdraw(owner withdrawals Owner Withdrawals Net Income to Step by Step Solution
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