Question

Determine the missing amount for each of the following: Assets = Liabilities + Owner's Equity a....

Determine the missing amount for each of the following:

Assets = Liabilities + Owner's Equity
a. $ = $556,000 + $3,374,000
b. $6,111,200 = $ + $5,725,000
c. $2,150,000 = $812,500 + $

Homework Answers

Answer #1

Answer

  • All working forms part of the answer
  • Answers

Assets

=

Liabilities

+

Owner's Equity

a.

$                     39,30,000.00

=

$                           5,56,000.00

+

$                   33,74,000.00

b.

$                     61,11,200.00

=

$                           3,86,200.00

+

$                   57,25,000.00

c.

$                     21,50,000.00

=

$                           8,12,500.00

+

$                   13,37,500.00

  • Working

Assets

=

Liabilities

+

Owner's Equity

a.

=556000+3374000

=

556000

+

3374000

b.

6111200

=

=6111200-5725000

+

5725000

c.

2150000

=

812500

+

=2150000-812500

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