16. Using the expanded accounting equation, solve for the missing amount Assots $ 76.951 2,560 Liabilities...

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Answer 1

Answer #1

Assets = Owner's Capital + Revenues - Expenses + Liabilities - Owner's WD

$76,951 = Owner's Capital+54,780-29,350+2,560-14,420

Owner's Capital = 76,951-(54,780-29,350+2,560-14,420)

= $ 63,381

Answer = $ 63,381

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Answer 2

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