Posted by **Tamra** on Monday, April 28, 2008 at 7:40pm.

Problem: For the following four cases, use the accounting equation to compute the missing quantity.

Note: I was given four cases but apparently I am missing something. For example the first case states:

$20,000 assets, $8,000 liabilities, and $3,500 in Retained Earnings. Find the Captial stock.

I know that assets = liabilities plus owner's equity. So would I subtract $11,500 from $20,000? How would i know how to find the capital stock?

In the other problems I would have to find the assets, libiabilties, or retained earnings.

## Answer this Question

## Related Questions

- Operations Management - The maintenance department of a hospital uses 816 cases ...
- MATH - I'M HAVING A PROBLEM WITH THIS PROBLEM,IT SAY'S FIND THE MISSING NUMBER ...
- Physics - Consider two cases in which the same ball is thrown against a wall ...
- Physics - Consider two cases in which the same ball is thrown against a wall ...
- Physics - Consider two cases in which the same ball is thrown against a wall ...
- math - Palmer Cheese Company is a small manufacturer of several different cheese...
- accounting - Wallace Inc., a developer of radiology equipment, has stock ...
- accounting - Determine the missing amount for each of the following: Assets = ...
- Computers - Develop a use case diagram for a department store credit card system...
- accounting - What is the impact on the financial statements of missing a step ...

More Related Questions