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    This document contains accounting equations with assets, liabilities, and owner's equity amounts for multiple companies. The equations balance the three components to show the relationship between what each company owns, owes, and is owned by the proprietor.

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    1-1 Application Problem (1)

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    This document contains accounting equations with assets, liabilities, and owner's equity amounts for multiple companies. The equations balance the three components to show the relationship between what each company owns, owes, and is owned by the proprietor.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    1K views1 page

    1-1 Application Problem

    Uploaded by

    CSS iiPatriot
    This document contains accounting equations with assets, liabilities, and owner's equity amounts for multiple companies. The equations balance the three components to show the relationship between what each company owns, owes, and is owned by the proprietor.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Gary Louper 5th

    Name _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Dote _ _ _ _ _ _ C l o s s - - - - -

    111 APPLICATION PROBLEM, p. 19

    Completing the accounting equation

    Assets = Liabilities + Owner's Equity

    95,000 51,000 44,000


    64,000 44,000 20,000

    4,000 1,500 2,500

    138,000 70,000 68,000

    19,000 8,000 11,000


    16,000
    4,000 12,000

    35,000 13,000 22,000


    169,000 120,000 49,000

    8,000 4,800 3,200

    86,000 48,000 38,000

    12,000 5,000 7,000


    30,000 8,000 22,000

    47,000 24,000 23,000


    41,000 29,000 13,000

    57,000
    21,000
    36,000

    125,000 69,000 56,000

    11,000 5,000
    6,000
    5,300 2,000 3,300

    'lib

    Chapter 1 Starting a Proprietorship: Changes that Affect the Accounting Equation • 11

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