SMART Prepaid32% D 1:36"Batang PasawayAssignment DetailsGSRADFISMAN CourseExercise 1 on Balance SheetComplete the table below:The accounting equation can be expressedas: Assets minus Liabilities equals Owner'sEquity. In other words, Own minus Oweequals Worth.AssetsLiabilitiesOwner's Equity$ 2,397$ 1,4571.$ 12,629$ 9,4622.$ 50,388$ 5,2943.$62,300$ 2,9375.$ 4,543$94,123$ 8,8326.$ 8,000$ 4,765$400$ 120,654$38,621Week 3MoreEdit

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Description: SMART Prepaid32% D 1:36"Batang PasawayAssignment DetailsGSRADFISMAN CourseExercise 1 on Balance SheetComplete the table below:The accounting equation can be expressedas: Assets minus Liabilities equals Owner'sEquity. In other words, Own minus Oweequ

The accounting equation shows on a company's balance that a company's total assets are equal to the…

Answered: Assets Liabilities Owner's Equity $…

Business

Accounting

Assets Liabilities Owner's Equity $ 2,397 $ 1,457 1. I$ 12,629 $ 9,462 2.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is

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Question

SMART Prepaid
32% D 1:36
"Batang Pasaway
Assignment Details
GSRADFISMAN Course
Exercise 1 on Balance Sheet
Complete the table below:
The accounting equation can be expressed
as: Assets minus Liabilities equals Owner's
Equity. In other words, Own minus Owe
equals Worth.
Assets
Liabilities
Owner's Equity
$ 2,397
$ 1,457
1.
$ 12,629
$ 9,462
2.
$ 50,388
$ 5,294
3.
$62,300
$ 2,937
5.
$ 4,543
$94,123
$ 8,832
6.
$ 8,000
$ 4,765
$
400
$ 120,654
$38,621
Week 3
More
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