Question
Use the expanded accounting equation to compute the missing financial statement amounts. Company Assets. = Liability + Owner capital - Owner withdrawals + Revenues
Use the expanded accounting equation to compute the missing financial statement amounts. Company Assets. = Liability + Owner capital - Owner withdrawals + Revenues $64,000 $22,000 $32,000 $0 $? 2. $102,800 $38,000 $56,000 $? $36,000 What is the revenues amount for company 1 and the owner withdrawals for company 2? 1. Expenses $14,000 $24,000
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Fundamental Accounting Principles
Authors: John Wild, Ken Shaw, Barbara Chiappetta
22nd edition
9781259566905, 978-0-07-76328, 77862279, 1259566900, 0-07-763289-3, 978-0077862275
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