00R# 3p21 MyLab and Mastering - AC XO Pearson MyLab and Master XAssignmentsO Pearson ACT -O OneLogini act.pearsoncmg.com/activity/1/4/1YouTubeMapsBC - Tuition Paym...Apps M GmailA Accounting Cycle TutorialStep 1: Account BalancesO00004Balancing the Expanded Accounting EquationActivity 4.a - Balance the Expanded Accounting EquationEnter the missing value to balance the equation.Assets = Liabilities + Owner, Capital - Owner, Withdrawals + Revenues - Expenses%3D29,000 + 47,000 34,000 + 37,000 – 18,000000+ 22,00010,000 + 19,000 – 30,000= 000ʻ16,000 = 35,00019,000 + 28,000 – 42,000CHECK ANSWERSKIP TO NEXTE RESETPrivacy PolicyConvright © 2022 Pearson Educationhorngren_fin13..pptxhorngren_fin13..pptxMacBook ProescWe%244.&%2ger

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Description: 00R# 3p21 MyLab and Mastering - AC XO Pearson MyLab and Master XAssignmentsO Pearson ACT -O OneLogini act.pearsoncmg.com/activity/1/4/1YouTubeMapsBC - Tuition Paym...Apps M GmailA Accounting Cycle TutorialStep 1: Account BalancesO00004Balancing the

Total Assets = Total Liabilities + Equity where, Equity = Owner capital - owner withdrawals +…

Business

Accounting

Enter the missing value to balance the equation. Assets = Liabilities + Owner, Capital - Owner, Withdrawals + Revenues - Expenses %3D 61000 = 29,000 + 47,000 34,000 + 37,000 18,000 34,000 = + 22,000 - 10,000 + 19,000 30,000 16,000 = 35,000 + || 19,000 + 28,000 – 42,000

Enter the missing value to balance the equation. Assets = Liabilities + Owner, Capital - Owner, Withdrawals + Revenues - Expenses %3D 61000 = 29,000 + 47,000 34,000 + 37,000 18,000 34,000 = + 22,000 - 10,000 + 19,000 30,000 16,000 = 35,000 + || 19,000 + 28,000 – 42,000

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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00
R
# 3
p21 MyLab and Mastering - AC X
O Pearson MyLab and Master X
Assignments
O Pearson ACT -
O OneLogin
i act.pearsoncmg.com/activity/1/4/1
YouTube
Maps
BC - Tuition Paym...
Apps M Gmail
A Accounting Cycle Tutorial
Step 1: Account Balances
O0000
4
Balancing the Expanded Accounting Equation
Activity 4.a - Balance the Expanded Accounting Equation
Enter the missing value to balance the equation.
Assets = Liabilities + Owner, Capital - Owner, Withdrawals + Revenues - Expenses
%3D
29,000 + 47,000 34,000 + 37,000 – 18,000
000
+ 22,000
10,000 + 19,000 – 30,000
= 000ʻ
16,000 = 35,000
19,000 + 28,000 – 42,000
CHECK ANSWER
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E RESET
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