1. Use the accounting equation to compute the missing financial statement amounts (a), (b), and (c). A B. D. 1 Company Assets Liabilities Equity ( 2 $ 75,000 %24 $ 40,000 (a) 25,000 20,000 3 2 3 70,000 4 85,000 (c) 2. Use the expanded accounting equation to compute the missing financial statement amounts (a) and (b), A B C D 1. Owner, Owner, Withdrawals Company Assets Liabilities Capital Revenues Expenses $ 40,000 $ 80,000 $ 16,000 $ 32,000 $ 20,000 $ 44,000 3 $0 (o) $ 24,000 $ 8,000 $ 18,000 4 (b) Determine whether each of the followi
1. Use the accounting equation to compute the missing financial statement amounts (a), (b), and (c). A B. D. 1 Company Assets Liabilities Equity ( 2 $ 75,000 %24 $ 40,000 (a) 25,000 20,000 3 2 3 70,000 4 85,000 (c) 2. Use the expanded accounting equation to compute the missing financial statement amounts (a) and (b), A B C D 1. Owner, Owner, Withdrawals Company Assets Liabilities Capital Revenues Expenses $ 40,000 $ 80,000 $ 16,000 $ 32,000 $ 20,000 $ 44,000 3 $0 (o) $ 24,000 $ 8,000 $ 18,000 4 (b) Determine whether each of the followi
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter23: Accounting For Partnerships
Section23.2: Distribution Of Net Income And Owners’ Equity Statements
Problem 1OYO
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