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Accounting Equation

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Expanded Accounting Equation
For the following four cases, use the expanded accounting equation to compute the missing
quantity.
Assets Liabilities Capital Stock Retained Earnings
Case A $20,000 $ 8,000 A $ 3,500
Case B 16,000 B $ 5,000 2,000
Case C C 11,000 14,000 32,000
Case D 46,000 30,000 20,000 D

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Accounting Equation is solved.

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Accounting Equation is Assets= Liabilities+Capital Stock+ Retained Earnings

Case A= Capital Stock= 20000-8000-3500=$8500
Case B= Liabilities= ...

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