1. Use the accounting equation to compute the missing financial statement amounts. 2. Use the expanded accounting equation to compute the missing financial statement amounts. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Use the expanded accounting equation to compute the missing financial statement amounts. Common Stock Company 1 2 $ $ Assets 44,000 83,800 Liabilities $ $ + $ 17,000 + 33,000 + $ 22,000 46,000 < Required 1 Dividends + 0 + $ + $ $ Revenues 14,000- 26,000 Required 2 > $ $ Expenses 9,000 19,000

22. What is the value of the firm's accounts payable? Accounts Receivable $500 Cash Retained Earnings Revenue Notes Payable Common Stock Land Buildings Equipment a. $2000 b. $4700 c. $1700 d. $1200 $350 $100 $3000 $550 $300 $1000 $500 $300

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Only complete Requirement 3 base on the information provided. The financial position, transactions, requirement 1 and requirement 2 are the supporting information.

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Directions:  Create a % Change and Yr. 2 Common Size Balance Sheet for Dana Point.  Use excel to do the calculations for you and don't round your answers.                   Dana Point Company Balance Sheet       % Change  Yr 2 Balance Sheet Common Size Yr 2 Yr 1 Balance Sheet     Cash    $              7,000    $       30,000     AR    $           67,500    $       60,000     Inventory    $           49,000    $       22,500     PPE    $              6,000    $          4,500     Total Current Assets    $        129,500    $    117,000     Building    $        187,500    $    190,000     Total Assets    $        317,000    $    307,000                       Yr 2   Yr 1     Accounts Payable    $           65,500    $       63,000     Wages Payable    $           37,000    $       47,500     Total Current Liabilities    $        102,500    $    110,500     Bank Loan Payable    $           83,000    $       85,000     Total Liabilities     $…

Required a. Select the definition that best matches each term. b. Calculate the missing amounts in the following table. Required A Required B Select the definition that best matches each term. a. b. C. d. le. f. Complete this question by entering your answers in the tabs below. 9. Term Answer is not complete. Assets Common Stock Creditors Liability Retained Earnings Stockholders Stockholders' Equity Definition Individuals or institutions that have contributed assets or services to a business in exchange for an ownership interest in the business. Common Stock + Retained Earnings. Individuals or institutions that have loaned goods or services to a business. Assets - Liabilities - Common Stock. An obligation to pay cash in the future. Certificates that evidence ownership in a company. Economic resources that will be used by a business to produce revenue. X X X X

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