Completing the accounting equation.
The fundamental accounting equation for several businesses follows. Supply the missing amounts.
Assets | = | Liabilities | + | Owner’s Equity |
1. $24,250 | = | $4,875 | + | $? |
2. $19,700 | = | $4,425 | + | $? |
3. $12,450 | = | $ ? | + | $ 9,950 |
4. $ ? | = | $3,750 | + | $31,500 |
5. $31,300 | = | $ ? | + | $22,950 |
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