1. 2. 3. Assets $-115,000 $ 120,000 $ 218,000 Answer is complete but not entirely correct. Equity $ 41,000 $ 86,000 62,000 Liabilities $ 156,000 34,000 $ 156,000 = $ F = + + + $

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Determine the missing amount from each of the separate situations given below.
1.
2.
3.
Answer is complete but not entirely correct.
Liabilities
Equity
$ 156,000
$ 41,000
34,000
IS
86,000
$ 156,000
$ 62,000
Assets
$-115,000
$ 120,000
$ 218,000
F
=
+
+
+
Transcribed Image Text:Determine the missing amount from each of the separate situations given below. 1. 2. 3. Answer is complete but not entirely correct. Liabilities Equity $ 156,000 $ 41,000 34,000 IS 86,000 $ 156,000 $ 62,000 Assets $-115,000 $ 120,000 $ 218,000 F = + + +
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