mathalcom Course Home Accounting 2301 Summer 2 2018 Quiz Qui

mathal.com Course Home Accounting 2301 Summer 2 2018 Quiz: Quiz Chapter1 This Question: 4 pts 2of5(1 complete) ? 16. Using the expanded accounting equation, solve for the missing amount. Assets Liablities Common Stock 98,920 2,270 10,220 50,265 21,320 Begin by selecting the formula for the expanded accounting equation. Then enter the amounts to solve for the missing amount. Choose from any list or enter any number in the a input fields and then continue to the next question

Solution

As per Expanded Accounting Equation,

Asset=Liabilities + Common stock - Dividend + Revenue - Expenses

98,920=2,270+common stock -10,220+ 50,265 - 21,320

Common stock=$77,925