Basic Accounting Equation) Fill up the missing amounts for each case Case 1 Case 2 Case 3 Assets P 100,000 __________ P 120,000 Liabilities 45,000 35,000 _________ Owner’s Equity P _______ 35,000 65,000

Basic Accounting Equation) Fill up the missing amounts for each case Case 1 Case 2 Case 3 Assets P 100,000 ______ P 120,000 Liabilities 45,000 35,000 _ Owner’s Equity P ___ 35,000 65,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

(Basic Accounting Equation) Fill up the missing amounts for each case

	Case 1	Case 2	Case 3
Assets	P 100,000	__________	P 120,000
Liabilities	45,000	35,000	_________
Owner’s Equity	P _______	35,000	65,000

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ASSETS LIABILITII OWNER'S EQUITY $30,000 $22,000 a. 王 b. $ 7,000 土 $98,000 C. $25,000 $11,000
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