Question

Required a. Match the terms (identified as a through g) with the definitions and phrases. For example the term "a. Assets" matches with definition, Economic resources that will be used by a business to produce revenue. b. Calculate the missing amounts in the following table: Complete this question by entering your answers in the tabs below. Required A Required B Calculate the missing amounts in the following table: Company Liabilities + $ 46,000 + Assets = = 89,500 = 91,000 = 107,600 Stockholders' Equity Common Retained Stock Earnings $ 49,000 + $ 40,000 26,800 + 38,100 44,750 47,200 + 13,500 + 35,000 +

Answer 1

Retaned earnings ($) Company Assets Liblaities ($) Common Stock ($) + 49000 + 135000 = 89500 = 40000 46000 + 24600- 26800 - 38100 91000 = 13500 59750 + 44750 47200+ 107600 = 35000|+ 25400 Defination are the economic resources owned by the business enterprise the benefit of which received in future. Assets = Liablities what business owe to outsider known as Liblities Amount of capital invested into the business to generate income know as capital. Capital may be invested by owner in cash or in kind Capital: for Example owner gives a cash of $10000 is known as capital at the same time if he invested any property namely vehicle,computer,building into the business also know as capital Profit Amount of revenue gerated by onwer known as profit