1-2 - Hint: Use the accounting equation.) (Omit the...

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Page 2 of 6 http://ezto.mhhm.mcgraw-hill.com/hm_accounting.tpx?todo=printview 2. award: 1 out of 1 point 3. award: 1 out of 1 point 4. award: 1 out of 1 point Determine the missing amount from each of the separate situations a , b , and c below. (Omit the "$" sign in your response.) Assets = Liabilities + Equity a. $ 180,000 = $ 164,000 + $ 16,000 b. $ 90,000 = $ 39,000 + $ 51,000 c. $ 201,000 = $ 139,000 + $ 62,000 Worksheet Learning Objective: 01-A1 Determine the missing amount from each of the separate situations a , b , and c below. (Omit the "$" sign in your response.) Assets = Liabilities + Equity a. $ 180,000 = $ 164,000 + $ 16,000 b. $ 90,000 = $ 39,000 + $ 51,000 c. $ 201,000 = $ 139,000 + $ 62,000 Answer the following questions. (
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Unformatted text preview: Hint: Use the accounting equation.) (Omit the "$" sign in your response.) (a) Office Supplies has assets equal to $137,000 and liabilities equal to $110,000 at year-end. What is the total equity for office Supplies at year-end? Equity at the end of the year $ 27,000 Worksheet Learning Objective: 01-A1 Learning Objective: 01-A2 (a) Office Supplies has assets equal to $137,000 and liabilities equal to $110,000 at year-end. What is the total equity for office Supplies at year-end? Equity at the end of the year $ 27,000 (b) At the beginning of the year, Addison Company's assets are $259,000 and its equity is $194,250....
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This note was uploaded on 08/09/2010 for the course ACCT 1 taught by Professor Ludwig during the Spring '10 term at Los Angeles City College.

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