{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

# 1-2 - Hint Use the accounting equation(Omit the"\$"...

This preview shows page 1. Sign up to view the full content.

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. (
This is the end of the preview. Sign up to access the rest of the document.

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....
View Full Document

{[ snackBarMessage ]}

Ask a homework question - tutors are online