Exercise 1-8 Using the accounting equation A1 Determine the missing amount from each of the separate situations a, b, and c below. Liabilities Assets Equity $ 20,000 34,000 $ 45,000 (a) $ 2 100,000 154,000 3. (b) (c) 40,000

Exercise 1-8 Using the accounting equation A1 Determine the missing amount from each of the separate situations a, b, and c below. Liabilities Assets Equity $ 20,000 34,000 $ 45,000 (a) $ 2 100,000 154,000 3. (b) (c) 40,000

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Description: Do I have to add the liabilities and equity in order to get the assests? Exercise 1-8 Using the accounting equation A1Determine the missing amount from each of the separate situations a, b, and c below.LiabilitiesAssetsEquity$ 20,00034,000$ 45,000(a)

Financial & Managerial Accounting

13th Edition

ISBN:9781285866307

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter1: Introduction To Accounting And Business

Section: Chapter Questions

Problem 1.6EX

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