QS 1-8 Applying the accounting equation LO A1 1. Use the accounting equation to compute...
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QS 1-8 Applying the accounting equation LO A1 1. Use the accounting equation to compute the missing financial statement amounts. pany Assets LiabilitiesEquity S 92,000 S 48,500 S 33,500 87,000 $ 119,000S 37,000 2. Use the expanded accounting equation to compute the missing financial statement amounts Revenues Expenses Liabilities Owner, Capital $ 24,500$ 37,000$ Assets 16,500 $ 74,000 $41,000 26,500 2 S 112,300S4 40,500s 61,000
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