Assets | = | Liabilities | + | Equity | |
a | $110,000 | = | $79,000 | + | $31,000 |
b | $90,000 | = | $58,000 | + | $32,000 |
c | $131,000 | = | $69,000 | + | $62,000 |
Required a:
Assets = Liabilities + Equity
Assets = $79,000 + $31,000
Assets = $110,000.
Required b:
Assets = Liabilities + Equity
$90,000 = $58,000 + Equity
Equity = $90,000 - $58,000
Equity = $32,000.
Required c:
Assets = Liabilities + Equity
$131,000 = Liabilities + $62,000
Liabilities = $131,000 - $62,000
Liabilities = $69,000
Determine the missing amount from each of the separate Assets Liabilities + Equity $ 31,000 $...
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