Calculate the missing figure using the basic accounting equation
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- Accounting calculate return on assest for this statementThe followings are the instructions for this case. Provide the excel file where the computations are done. GIVE ANSWERS PLEASE. I WILL UPVOTE! You have to use the following equation: WACC = Wd*Rd*(1-t)+We*Re. Where WACC stands for the Weighed average cost of capital, Wd is the weight of debt in the capital could be either market value weight or book value weight and it is calculated in the following way: Wd=D/(E+D), where D is either the book value of debt or the market value of debt, E is the book value of equity or the market value of equity. So keep in mind if you want Wd on book value basis, then both E and D must be on book value basis, if you want Wd on a market value basis, then both E and D must be on market value basis. Rd is the cost of debt (percentage cost of debt), t is the tax rate, We is the weight of equity in the capital could be either market value weight or book value weight, We = E/(E+D), as I explained Wd, it could be either on a book value or book value basis. Re…Question1Thewholeoffinancialaccountingisbasedupontheverysimpleideathat,resourcessuppliedbytheownerofthebusinessplusliabilitiesthatmustbesettledatafuturedatemustbeequaltotheresourcesinthebusiness.Itfollowsthatthecapitalplusliabilitiesoftheentitymustbeequaltoassetsoftheentityexpressedas:Capital+Liabilities=Assets(i.e.C+L=A).UsingMicrosoftexcel,demonstratetheeffectsofthefollowingtransactionsontheaccountingequation,andpreparetheresultantbalancesheetasat31stJuly,2020,¢1Julystartedbusinesswithcash30,0002Salesoncash50,0004Stockofmaterialspaidbycash10,0005Paidcashintobank20,0007Withdrewcashforofficeuse10,0008Loanreceivedbycash20,00010Salesofgoodsreceivedcheque30,00019Cashsales80,00021Debtorpaidusbycash50,00030Sales,receivedcheque40,000