Answered: 4. Sure Fresh Company's total…

4. Sure Fresh Company's total liabilities amounted P30,000. Total equity had an ending balance of P50,000. How much is total assets? Non

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter1: Accounting As A Form Of Communication

Section: Chapter Questions

Problem 1.4E: The Accounting Equation Ginger Enterprises began the year with total assets of $500,000 and total...

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Question

4. Sure Fresh Company's total liabilities amounted P30,000. Total equity had an ending balance of P50,000. How much is the total assets?

Remember the Accounting Equation
Assets is equals to Liability and Owner's Equity Account
Activity 2
Solve the accounting Equation:
1. Angels Tutorial Center has an asset amounting to P 200,000, Liability is P 75,000. How much is the
owner's equity account?
the
2. Assets of TMAM is P15,000 and Total Equity is P10,000, how much is total Liabilities?
the
3. Assets is equal to P350,000, Owner's equity is 250,000, How much is,Equity?
4. Sure Fresh Company's total liabilities amounted P30,000. Total equity had an ending balance of
syt
P50,000. How much is total assets?
5 Current Assets is P50,000, Non- Current Assets is P150,000.00, Current Liabilities is P10,000 and Non-
Current Liabilities is P40,000, How much is the Equity of the company.

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