Presented below is the basic accounting equation. Determine the missing amounts.
|
Assets |
= |
Liabilities |
+ |
Owner’s Equity |
|
(a)$90,000 |
$50,000 |
? |
||
|
(b)? |
$40,000 |
$70,000 |
||
|
(c)$94,000 |
? |
$53,000 |
Presented below is the basic accounting equation. Determine the missing amounts.
|
Assets |
= |
Liabilities |
+ |
Owner’s Equity |
|
(a)$90,000 |
$50,000 |
? |
||
|
(b)? |
$40,000 |
$70,000 |
||
|
(c)$94,000 |
? |
$53,000 |