Assets = Liabilities + Stockholders Equity
Case a : Assets = $ 255,600 + $ 798,750 = $ 1,054,350
Case b : $ 127,800 = Liabilities + $ 39940
Hence Liabilities = $ 127,800 - $39940 = $ 87,860
Case c : $ 61,500 = $ 8,790 + Stockholders Equity
Hence Stockholders Equity = $61,500 - $ 8,790 = $ 52,710
EDUUR Accounting Equation Determine the missing amount for each of the following: Assets Liabilities + Stockholders'...
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EX 1-6 Accounting equation A. $1,895,000 Determine the missing amount for each of the following AssetsLlabilities + Stockholders' Equity A. B. $776,500$588,800 C. $14,750,000-$4,455,000 + 5550,000 $1,345,000 SHOW ME N EX 1-7 Accounting equation Obj. 3, 4 B. $4,120,000 Inspirational Inc. is a motivational consulting business. At the end of its accounting period, October 31, 2017, Inspirational has assets of $5,250,000 and liabilities of $1,600,000. Using the accounting equation and considering each case independently, determine the following amounts: A. IE...