Using the expanded accounting equation calculate and enter

Last updated: 6/29/2023

Using the expanded accounting equation calculate and enter the answers for each question You will need to use the answers you calculate for beginning and ending equity to answer the rest of the questions Beginning of Year End of Year Beginning Equity Assets Net Income Loss 25 000 60 000 Dividends Liabilities 1 What is the equity at the beginning of the year 18 000 29 000 3 If the company issues common stock of 9 500 and pay dividends of 40 200 how much is net income loss 5 If the company issues common stock of 16 300 and net income is 17 500 how much is dividends 2 What is the equity at the end of the year Ending Equity 4 If net income is 1 100 and dividends are 9 700 how much is common stock Common Stock 6 If the company issues common stock of 42 000 and pay dividends of 2 000 how much is net income loss Net Income Loss