Determining accounting equation amounts.
Just before Lewis Laboratories opened for business, Rosa Damon, the owner, had the following assets and liabilities. Determine the totals that would appear in the firm’s fundamental accounting equation (Assets = Liabilities + Owner’s Equity).
Cash | $36,200 |
Laboratory Equipment | 81,000 |
Laboratory Supplies | 5,500 |
Loan Payable | 13,800 |
Accounts Payable | 8,950 |
We need at least 10 more requests to produce the solution.
0 / 10 have requested this problem solution
The more requests, the faster the answer.