Solve the accounting Equation: 1. Angels Tutorial Center has an asset amounting to P 200,000, Liability is P 75,000. How much is the owner's equity account? the 2. Assets of TMAM is P15,000 and Total Equity is P10,000, how much is,total Liabilities? the ncots is equal to P350,000, Owner's equity is 250,000, How much is,Equity?
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3. Assets is equal to P350,000, Owner's equity is 250,000, How much is the Equity?
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- The Accounting Equation Using the accounting equation, answer each of the following independent questions. Burlin Company starts the year with $100,000 in assets and $80,000 in liabilities. Net income for the year is $25,000, and no dividends are paid. How much is owners equity at the end of the year? Chapman Inc. doubles the amount of its assets from the beginning to the end of the year. Liabilities at the end of the year amount to $40,000, and owners equity is $20,000. What is the amount of Chapmans assets at the beginning of the year? During the year, the liabilities of Dixon Enterprises triple in amount. Assets at the beginning of the year amount to $30,000, and owners equity is $10,000. What is the amount of liabilities at the end of the year?1. L01 Prepare a multiple-step income statement for Yoders Cool Stuff. 2. L02 Prepare a statement of owners equity for Yoders Cool Stuff. Assume the beginning balance of Yoders capital account was 3,400. 3. L03 Prepare a balance sheet for Yoders Cool Stuff.Solve the accounting Equation: 1. Angels Tutorial Center has an asset amounting to P 200,000, Liability is P 75,000. How much is the owner's equity account?
- The accounting equation for Goodboy's enterprises is as follows: Assets Liabilities Owner's Equity $120,000 = $60,000 + $60,000, If Goodboy's purchases office equipment on account for $12,000, the accounting equation will change to? Show Solution.sing the expanded accounting equation, calculate and enter the answers for each question. You will need to use the answers you calculate for beginning and ending equity to answer the rest of the questions. Assets Beginning of Year: $25,000 - $19,000 Liabilities End of Year: $60,000 - $25,000 1) What is the equity at the beginning of the year? Beginning Equity 6,000 2) What is the equity at the end of the year? Ending Equity 35,000 3) If the owner contributes $5,400 and the owner withdraws $38,500, how much is net income (loss)? Net Income (Loss) 62,100 This the answers I need help with but you need all of this to answer the questions 4 If net income is $3,400 and owner withdrawals are $8,900, how much did the owner contribute (owner, capital)? Owner, Capital 5) If the owner contributes $16,200 and net income is $19,800, how much did the owner withdraw (owner, withdrawals)? Owner, Withdrawals 6) If the owner contributes $43,600 and the owner withdraws $1,900, how much…Using the expanded accounting equation, calculate and enter the answers for each question. You will need to use the answers you calculate for beginning and ending equity to answer the rest of the questions. Assets Liabilities Beginning of Year: $25,000 $15,000 End of Year: $63,000 $26,000 1) What is the equity at the beginning of the year? Beginning Equity 2) What is the equity at the end of the year? Ending Equity 3) If the owner contributes $9,600 and the owner withdraws $37,300, how much is net income (loss)? Net Income (Loss) 4) If net income is $3,900 and owner withdrawals are $6,200, how much did the owner contribute (owner, capital)? Owner, Capital 5) If the owner contributes $16,000 and net income is $19,300, how much did the owner withdraw (owner, withdrawals)? Owner, Withdrawals 6) If the owner contributes $43,800 and the owner withdraws $4,600, how much is net income (loss)?
- Balancing the Expanded Accounting Equation Using the expanded accounting equation, calculate and enter the answers for each question. You will need to use the answers you calculate for beginning and ending equity to answer the rest of the questions. Assets Liabilities Beginning of Year: $29,000 $15,000 End of Year: $64,000 $28,000 3) If the company issues common stock of $5,100 and pay dividends of $44,000, how much is net income (loss)? Net Income (Loss): 4) If net income is $2,700 and dividends are $7,700, how much is common stock? Common Stock: 5) If the company issues common stock of $16,700 and net income is $19,300, how much is dividends? Dividends: 6) If the company issues common stock of $42,300 and pay dividends of $2,100, how much is net income (loss)? Net Income (Loss):please show me how you got answer A business has the following items in it: - Owner's equity: 1 200 000 - Total liabilities 2 800 000 Assets? What is the value of assets in this business? a) 300 000 b) 400 000 c) 1 600 000 d) 4 000 000 e) none of the aboveChoose the correct letter of the answer for each question. 1. The ending equity is ₱9,000. If total income for the period is ₱5,000 while total expenses are ₱8,000, how much is the beginning balance of equity? A. 12,000 B. 9,000 C. 6,000 D. 0 2. If the ending balance of accounts receivable is ₱100,000 and the total debits and credits to that account during the period were ₱60,000 and ₱40,000, respectively, the beginning balance must be A. 0 B. 20,000 C. 80,000 D. 120,000 3. A business has total assets, liabilities, and equity of ₱10,000, ₱7,000 and ₱3,000, respectively, at the beginning of the period. During the period, total liabilities decreased to ₱4,000 while profit was ₱5,000. How much is the ending total assets? A. 12,000 B. 11,000 C. 9,000 D. 7,000
- 1. A business has the following items in it: - Land 2 000 000 - Machinery 40 000 - Cash 20 000 - Owner's equity 1 000 000 - Debt? What is the value of debt and how is it calculated A) 1 060 000 b) 3 060 000 C) 840 000 D) 1 010 000 (please show how you got the answer) 2. A business has the following items in it: - Land 500 000 - Machinery 40 000 - Cash 60 000 - Loan? - Owner's equity 250 000 What is the value of the loan? A) 350 000 B) 850 000 C) 1 000 000 D) 1 030 000 3. A business has the following items in it: - Owner's equity: 1 200 000 - Total liabilities 2 800 000 Assets? What is the value of assets in this business? a) 300 000 b) 400 000 c) 1 600 000 d) 4 000 000 e) none of the above 4. A business has the following in it: - Land 750 000 - Machinery 40 000 - Cash 10 000 - Owner's equity 450 000 - Loan 250 000 - Creditors? What is the value of the creditors? A) 100 000 B) 7 00 000 C) 900 000 D) 1500 000The accounting equation for Cineo Enterprises is as follows: Assets Liabilities Owner’s Equity $120,000 = $60,000 + $60,000 If Cineo purchases office equipment on account for $15,000, the accounting equation will change to Select one: a. $135,000 = $60,000 + $75,000 b. $135,000 = $67,500 + $67,500 c. $120,000 = $60,000 + $60,000 d. $135,000 = $75,000 + $60,000Balancing the Expanded Accounting Equation Using the expanded accounting equation, calculate and enter the answers for each question. You will need to use the answers you calculate for beginning and ending equity to answer the rest of the questions. Assets Liabilities Beginning of Year: $29,000 $15,000 End of Year: $64,000 $28,000 6) If the company issues common stock of $42,300 and pay dividends of $2,100, how much is net income (loss)? Net Income (Loss):