Friday, 17 June 2016

Determine the missing amount for each of the following:Assets 5 Liabilities 1 Owner’s Equity

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)

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