16 Using the expanded accounting equation solve for the miss

16. Using the expanded accounting equation, solve for the missing amount 73,459 1,800 Owner\'s Capital Owner\'s Withdrawal 13,450 52,350 27,890 Begin by selecting the formula for the expanded accounting equation. Then enter the amounts to solve for the missing amount. (Abbreviation Choose from any list or enter any number in the input fields and then continue to the next question. Type here to search 3 Tab Lock

Solution

Assets = Liabilities + Owner\'s capital - Owner\'s withdrawal + Revenue - Expenses

$73,459

=

$1,800

+

$60,649

-

$13,450

+

$52,350

-

$27,890

Working:

By Solving, we get

Owner\'s capital

=

$73,459

-

$1,800

+

$13,450

-

$52,350

+

$27,890

Owner\'s capital

=

$60,649

$73,459

=

$1,800

+

$60,649

-

$13,450

+

$52,350

-

$27,890