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S1-4. Basic accounting equation (Learning Objective 5) 5-10 min. Determine the missing amounts in the following accounting equations S24.000 $63,000$28,000 $45.000 $106,000 $94,000 5) 5-10
S1-4. Basic accounting equation (Learning Objective 5) 5-10 min. Determine the missing amounts in the following accounting equations S24.000 $63,000$28,000 $45.000 $106,000 $94,000 5) 5-10 min. S1-5 Service. The business has cash of $13,000 and Ellen Beach owns Ellens equipment that costs $35,000. Debts of the business include accounts payable of $9,000 and a $5,000 note payable. Determine the amount of stockholders' equity Ellen 5) 5-10 min. Boehms, Inc. has cash of $36,000, supplies costing $1,500, and stockholders' equity of $28.00 Determine the lisbites of the business Wirite the accounting equation for Boehms, Inc S1-7. Basic accounting equation (Leaming Objective 5) 5-10 min. Qwick Care Cinic. Inc. started a business when Dr. Hamm purchased $15,000 of common stock in the business for cash. Before starting operations, Owick Care Clinic Inc borrowed $18,000 cash by signing a note payable to 1st National Bank. Account for these two transactions in the accounting S1-8. Entering tran 5-10 min. Sanchez Towing Service, Inc. earns service revenue by towing vehicles for AAA Sanchez Towing Service's main expenses are the salaries paid to its employees. Account for the a. Sanchez Towing Service, Inc earned $62,000 of service revenue on account b. Sanchez Towng Service, inc paid S33.000 nsalanes expense Match each of the following items with its location in the expanded accounting equation. Use the most detaled category appropriate 1. Utlties Expense a Assets b. Liabilties 2. Accounts Receivable 3. Common Stock 4 Office Supplies c. Stockholders' Equity d. Revenues e Expenses 6. Salanies Expense 7 Cash _8. Rent Expense, Office 9 Service Revenue 10. Accounts Payable 11,Land
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