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Compute the missing amount in the accounting equation for each entity from the financial information presented: Flowers and Gifts New Rock Gas Nice Cuts Flowers and Gifts New Rock Gas Nice Cuts Assets $? 80,000 92,000 Assets 80,000 92,000 $ $ Liabilities 33,000 ? 52,000 Liabilities $ 33,000 $ 52,000 Equity 39,000 40,000 ? Equity 39,000 40,000

Compute the missing amount in the accounting equation for each entity from the financial information presented: Flowers and Gifts New Rock Gas Nice Cuts Flowers and Gifts New Rock Gas Nice Cuts Assets $? 80,000 92,000 Assets 80,000 92,000 $ $ Liabilities 33,000 ? 52,000 Liabilities $ 33,000 $ 52,000 Equity 39,000 40,000 ? Equity 39,000 40,000

FINANCIAL ACCOUNTING
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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am. 117.

Compute the missing amount in the accounting equation for each entity from the financial information presented: Flowers and Gifts New Rock Gas Nice Cuts Flowers and Gifts New Rock Gas Nice Cuts Assets $? 80,000 92,000 Assets 80,000 92,000 $ $ Liabilities 33,000 ? 52,000 Liabilities $ 33,000 $ 52,000 Equity 39,000 40,000 ? Equity 39,000 40,000
Transcribed Image Text:Compute the missing amount in the accounting equation for each entity from the financial information presented: Flowers and Gifts New Rock Gas Nice Cuts Flowers and Gifts New Rock Gas Nice Cuts Assets $? 80,000 92,000 Assets 80,000 92,000 $ $ Liabilities 33,000 ? 52,000 Liabilities $ 33,000 $ 52,000 Equity 39,000 40,000 ? Equity 39,000 40,000
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