Thursday, December 6, 2018

Exercise 1-8 Using the accounting equation LO A1


Determine the missing amount from each of the separate situations given below.

Assets
=
Liabilities
+
Equity
(a)
$105,000
=
$62,000
+
$43,000
(b)
$120,000
=
$49,000
+
$71,000
(c)
$126,000
=
$64,000
+
$62,000


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