Determine the missing amount from each of the separate situations given below. Equity 19,000 Assets =...

Question

Question

Determine the missing amount from each of the separate situations given below. Equity 19,000 Assets = = 130,000/= 170,000 = 1

Answer 1

Answer #1

Particulars

Assets = Liability + Equity

Assets = 130,000 + 19,000

Assets = 149,000

b)

Assets = Liability + Equity

130,000 = 33,000 + Equity

Equity =130,000 - 33,000

Equity =97,000

c)

Assets = Liability + Equity

170,000 = Liability + 62,000

Liability = 170,000 - 62,000

Liability = 108,000

Answer 2

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