Scribd Logo
Upload

Welcome to Scribd!

  • Exercise 2.2 Completing The Accounting Equation. LO 2-1, 2-2

    Uploaded by

    Sundaramani Saran
    829 views2 pages
    This document provides an accounting exercise to calculate missing values in the fundamental accounting equation for 5 businesses. The accounting equation sets assets equal to liabilities plus owner's equity. Students are given values for assets, liabilities, and owner's equity for each business, and must calculate the missing value based on the accounting equation. The exercise is intended to reinforce understanding of the relationship between asset, liability, and owner's equity accounts.

    Original Description:

    Exam material

    Original Title

    Q1

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    This document provides an accounting exercise to calculate missing values in the fundamental accounting equation for 5 businesses. The accounting equation sets assets equal to liabilities plus owner's equity. Students are given values for assets, liabilities, and owner's equity for each business, and must calculate the missing value based on the accounting equation. The exercise is intended to reinforce understanding of the relationship between asset, liability, and owner's equity accounts.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    829 views2 pages

    Exercise 2.2 Completing The Accounting Equation. LO 2-1, 2-2

    Uploaded by

    Sundaramani Saran
    This document provides an accounting exercise to calculate missing values in the fundamental accounting equation for 5 businesses. The accounting equation sets assets equal to liabilities plus owner's equity. Students are given values for assets, liabilities, and owner's equity for each business, and must calculate the missing value based on the accounting equation. The exercise is intended to reinforce understanding of the relationship between asset, liability, and owner's equity accounts.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 2

    9/8/2015

    1.

    AssignmentPrintView

    Award: 1 out of 1.00 point

    Exercise 2.2 Completing the accounting equation. LO 2-1, 2-2


    Thefundamentalaccountingequationforseveralbusinessesfollows.Calculatethemissingamounts.

    Assets
    =
    Liabilities
    +
    OwnersEquity
    1.

    27,800

    5,560

    22,240

    2.

    24,200

    5,180

    19,020

    3.

    16,075

    10,400

    4.

    32,325

    5.

    25,125

    36,725
    34,000

    5,675
    4,400
    8,875

    References
    Worksheet

    LearningObjective:
    0201Recordin
    equationformthe
    financialeffectsofa
    business
    transaction.

    Exercise2.2
    Completing
    the
    accounting
    equation.LO
    21,22

    LearningObjective:
    0202Define,
    identify,and
    understandthe
    relationship
    betweenasset,
    liability,andowners
    equityaccounts.

    Exercise 2.2 Completing the accounting equation. LO 2-1, 2-2


    Thefundamentalaccountingequationforseveralbusinessesfollows.Calculatethemissingamounts.

    http://ezto.mheducation.com/hm_accounting.tpx?todo=printviewSingle

    2/3

    9/8/2015

    AssignmentPrintView

    Assets

    Liabilities

    OwnersEquity

    1.

    27,800

    5,560

    22,240

    2.

    24,200

    5,180

    19,020

    3.

    16,075

    5,675

    10,400

    4.

    36,725

    4,400

    32,325

    5.

    34,000

    8,875

    25,125

    Explanation:
    Nofurtherexplanationdetailsareavailableforthisproblem.

    http://ezto.mheducation.com/hm_accounting.tpx?todo=printviewSingle

    3/3

    You might also like