Bundle: College Accounting: A Career Approach, Loose-leaf Version, 13th + Quickbooks Online + Working Papers With Study Guide
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Chapter 1, Problem 1E

a.

To determine

Solve for owners’ equity using accounting equation, if assets are $40,000, and liabilities are $17,200.

b.

To determine

Solve for assets using accounting equation, if liabilities are $18,000 and owners’ equity are $22,000.

c.

To determine

Solve for liabilities using accounting equation, if assets are $27,000 and owners’ equity are $15,000.

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Chapter 1 Solutions

Bundle: College Accounting: A Career Approach, Loose-leaf Version, 13th + Quickbooks Online + Working Papers With Study Guide