Answered: Determine the missing amount from each…

Determine the missing amount from each of the separate situations given below Assets Liabilities Equity 1. 139,000 + $4 20,000 2. $ 90,000 = 24 50,000 3. 180,000 = $4 62,000 %24 || %24

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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Exercise 1-9 (Algo) Using the accounting equation LO A1
Determine the missing amount from each of the separate situations given below.
Assets
Liabilities
Equity
1.
139,000 +
20,000
%3D
2.
$4
90,000
50,000 +
%3D
3.
$4
180,000
62,000
%3D
%24
%24
%24

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