Question

Use the the following amounts to compute this company's expenses: Assets $11,000; Liabilities $2,000; Common Stock $10,000; Dividends $3,000; and Revenues $9,000

Answer 1

In this module/ question we need to analyze business transactions using the accounting equation:

11,000 = 2,000 + 10,000 -3,000 + 9,000 - x^5

where:
11,000 = Assets
2,000 = Liabilities
10,000 = Common stock
3,000 = dividends
9,000 = revenue

x = 1329.352032


Transaction - exchange of economic consideration between two perties.
-always have at least two effects on one or more components of the accounting equation (as mentioned earlier). Note that this equation must always remain in balance.