Learning Task 2 Basic Accounting Equation A. Direction: Fill up the missing amounts for each case Case 1 P 100,000 45,000 P. Case 2 Case 3 P 120,000 Assets Liabilities Owner's Equity B. Expanded Accounting Equation Direction: Fill-up the missing amounts for each case. 35,000 35,000 65,000 Case 3 Case 1 P 100,000 35,000 Case 2 Revenue P120,000 Expense Profit/(Loss) 35,000 45,000 25,000
Learning Task 2 Basic Accounting Equation A. Direction: Fill up the missing amounts for each case Case 1 P 100,000 45,000 P. Case 2 Case 3 P 120,000 Assets Liabilities Owner's Equity B. Expanded Accounting Equation Direction: Fill-up the missing amounts for each case. 35,000 35,000 65,000 Case 3 Case 1 P 100,000 35,000 Case 2 Revenue P120,000 Expense Profit/(Loss) 35,000 45,000 25,000
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter22: Master Budget (master)
Section: Chapter Questions
Problem 2R: Open the file MASTER from the website for this book at cengagebrain.com. Enter all the formulas...
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![Learning Task 2: Basic Accounting Equation
A. Direction: Fill up the missing amounts for each case
Case 1
P 100,000
45,000
Case 2
Case 3
Assets
Liabilities
Owner's Equity
B. Expanded Accounting Equation
Direction: Fill-up the missing amounts for each case.
P 120,000
35,000
35,000
65,000
Case 2
Case 1
P 100,000
35,000
Case 3
Revenue
P120,000
Expense
Profit/(Loss)
35,000
45,000
25,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4862d432-30a9-4f42-b55a-7e1e31821dfe%2Ff02616a3-3c27-4ffc-a89a-4e46bec9c11b%2Fk22c62l_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Learning Task 2: Basic Accounting Equation
A. Direction: Fill up the missing amounts for each case
Case 1
P 100,000
45,000
Case 2
Case 3
Assets
Liabilities
Owner's Equity
B. Expanded Accounting Equation
Direction: Fill-up the missing amounts for each case.
P 120,000
35,000
35,000
65,000
Case 2
Case 1
P 100,000
35,000
Case 3
Revenue
P120,000
Expense
Profit/(Loss)
35,000
45,000
25,000
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