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How do I get both sides to balance? Assets =Liabilities and Stockholders Equity? I cant seem to find the shareholders equity amount.     Assets     Liabilities and Stockholders Equity   Cash  $  7,000.00   Accounts Payable $14,000 Accounts Recievable  $ 19,000.00   Long-Term Debt $140,000 Inventory  $170,000.00   Shareholders Equity $7,000 PP&E  $ 70,000.00         266,000     $161,000           Cash  $             7,000.00       inventory of TV  $         170,000.00       PP&E 70000       Accounts Recievable  $           19,000.00       Accounts Payable $14,000       Long-Term Debt $140,000       Shareholders Equity XX

How do I get both sides to balance? Assets =Liabilities and Stockholders Equity? I cant seem to find the shareholders equity amount.     Assets     Liabilities and Stockholders Equity   Cash  $  7,000.00   Accounts Payable $14,000 Accounts Recievable  $ 19,000.00   Long-Term Debt $140,000 Inventory  $170,000.00   Shareholders Equity $7,000 PP&E  $ 70,000.00         266,000     $161,000           Cash  $             7,000.00       inventory of TV  $         170,000.00       PP&E 70000       Accounts Recievable  $           19,000.00       Accounts Payable $14,000       Long-Term Debt $140,000       Shareholders Equity XX

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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How do I get both sides to balance? Assets =Liabilities and Stockholders Equity? I cant seem to find the shareholders equity amount.

 

 

Assets     Liabilities and Stockholders Equity  
Cash  $  7,000.00   Accounts Payable $14,000
Accounts Recievable  $ 19,000.00   Long-Term Debt $140,000
Inventory  $170,000.00   Shareholders Equity $7,000
PP&E  $ 70,000.00      
  266,000     $161,000
         
Cash  $             7,000.00      
inventory of TV  $         170,000.00      
PP&E 70000      
Accounts Recievable  $           19,000.00      
Accounts Payable $14,000      
Long-Term Debt $140,000      
Shareholders Equity XX      
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