No Spacing Heading 1 Heading 2 16 Determine the missing amou

No Spacing Heading 1 Heading 2 1-6 Determine the missing amounts (in millions) for the condensed balance sheets shown below. Costco Target Wal-Mart s (C) 97,777 72,929 $23,815 $44,533 Liabilities 2,986 Stockholders\' equity 15,347 1-12 dently oach of the tolowing tems as (o) an asset, (b) a labilly, (e) revenue, (d) an expense, or le) a 1 Amounts due from customers 2.Amounts owed suppliers 3.Cash on hand .4.Cash paid to stockholders 5.Cash sales · Equipment 7 Note payable owed to the bank * B.Rent paid for the month 10 Wages paid to employees 1 of 2 Words:187 of 279 FS F6 F7 F8 F9 5

Solution

1-6 Costco:

Stockholders\' equity = Assets - Liabilities = $23,815 - $12,986 = $10,829

Target:

Liabilities = Assets - Stockholders\' equity = $44,533 - $15,347 = $29,186

Wal-Mart:

Assets = Liabilities + Stockholders\' equity = $97,777 + $72,929 = $170,706

1-12 1.a - asset

2.b - liability

3.a - asset

4.e - dividend

5.c - revenue

6.a - asset

7.b - liability

8.d - expense

9.d - expense

10.d - expense