Assets 5 Liabilities 1 Owner’s Equity a. X = $118,000 + $338,100 b. $766,750 = X + $411,740 c. $3,250,300 = $1,178,100 + X
Answer:
a. $456,100 ($118,000 + $338,100)
b. $355,010 ($766,750 – $411,740)
c. $2,072,200 ($3,250,300 – $1,178,100)
Ex 1-6 Accounting equation
Determine the missing amount for each of the following:
Assets 5 Liabilities 1 Owner’s Equity a. X = $118,000 + $338,100 b. $766,750 = X + $411,740 c. $3,250,300 = $1,178,100 + X
Answer:
a. $456,100 ($118,000 + $338,100)
b. $355,010 ($766,750 – $411,740)
c. $2,072,200 ($3,250,300 – $1,178,100)
Assets 5 Liabilities 1 Owner’s Equity a. X = $118,000 + $338,100 b. $766,750 = X + $411,740 c. $3,250,300 = $1,178,100 + X
Answer:
a. $456,100 ($118,000 + $338,100)
b. $355,010 ($766,750 – $411,740)
c. $2,072,200 ($3,250,300 – $1,178,100)