Please solve the following equations and show the formula. 1) Revenue $46,000 Dividends Declared $-Unkown Expenses $30,000 RE 1/1 $13,000 RE 12/31 $22000 2) Revenue $97,000 Dividends $0 Expenses Unknown RE 1/1 $36,000 RE 12/31 $57,000 3) Revenue $6,000 Dividends $0 Expenses Unknown RE 1/1 $12,000 RE 12/31 $8,000 4) Revenue $3000 Dividends $2,000 Expenses $1,000 RE 1/1 Unkown RE 12/31 $6,000

Please solve the following equations and show the formula. 1) Revenue $46,000 Dividends Declared $-Unkown Expenses $30,000 RE 1/1 $13,000 RE 12/31 $22000 2) Revenue $97,000 Dividends $0 Expenses Unknown RE 1/1 $36,000 RE 12/31 $57,000 3) Revenue $6,000 Dividends $0 Expenses Unknown RE 1/1 $12,000 RE 12/31 $8,000 4) Revenue $3000 Dividends $2,000 Expenses $1,000 RE 1/1 Unkown RE 12/31 $6,000

Name: Please solve the following equations and show the formula.1) Revenue $
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Description: Please solve the following equations and show the formula.1) Revenue $46,000 Dividends Declared $-Unkown Expenses $30,000 RE 1/1 $13,000 RE 12/31 $220002) Revenue $97,000 Dividends $0 Expenses Unknown RE 1/1 $36,000 RE 12/

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter2: Basic Accounting Systems: Cash Basis

Section: Chapter Questions

Problem 7CDQ

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Concept explainers

Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is

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Question

Please solve the following equations and show the formula.

1) Revenue $46,000

Dividends Declared $-Unkown

Expenses $30,000

RE 1/1 $13,000

RE 12/31 $22000

2) Revenue $97,000

Dividends $0

Expenses Unknown

RE 1/1 $36,000

RE 12/31 $57,000

3) Revenue $6,000

Dividends $0

Expenses Unknown

RE 1/1 $12,000

RE 12/31 $8,000

4) Revenue $3000

Dividends $2,000

Expenses $1,000

RE 1/1 Unkown

RE 12/31 $6,000

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