1-1A Accounting Equation

Fill in the missing information below:

Assets Liabilities Shareholders’ Equity

Business #1 _______ $181,000 $212,000

Business #2 75,000 _______ 36,000

Business #3 30,000 21,000 _________

Business #4 25,000 _______ (10,000)*

* Business #4’s equity is in an accumulated deficit

position.

1-1B – Accounting Equation

Fill in the missing information below:

Assets Liabilities Shareholders’

Equity
Business #1 _______ $80,000 $60,000

Business #2 1,250,000 _______ 1,100,000

Business #3 75,000 48,000 _______

Business #4 52,000 _______ (9,000)*

* Business #4’s equity is in an accumulated deficit position.