Exercise 2.2
Objectives 2-1, 2-2
4
Completing the accounting equation.
The fundamental accounting equations for several businesses follow. Supply the missing amounts.
Assets
= Liabilities + Owner's Equity
1. $64,700 = $13,440 + $ ?
2. $57,800 = $12,760 + $ ?
3. $96,150 = $ ? + $24,600
4. $ ? = $11,400 + $67,752
5. $108,000 = $ ? + $58,400