Answer Happy

E1-20 Using the accounting equation Compute the missing amount in the accounting equation for each entity from the financial information presented: Assets Liabilities Equity $ 36,000 ? Hair Styles S? Style Cuts 90,000 Your Basket 101,000 68,000 S 36,000 48,000 2

Assignment 1 Do S1-8 and E1-20 Due Date: June 30 Save the spreadsheet as Alyourname S1-8 a. Accounts Payable b. Cash C. Common Stock d. Accounts Receivable e. f. Rent Expense Service Revenue Office Supplies h. Dividends i. j. Bonus Points: Up to 5 points Land Salaries Expense L E1-20 Hair Styles Style Cuts Your Basket Assets] 90,000 101,000 Liabilities Equity $36,000 $36,000 48,000 68,000