For each of the following independent cases, fill in the blank with the appropriate dollar amount.   Assets = Liabilities + Owners' Equity  Case 1 $147,700     = $65,600     + $ ?      Case 2 $508,200     = $ ?     + $194,200      Case 3 $ ?     = $170,400     + $199,200

College Accounting (Book Only): A Career Approach
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ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter1: Asset, Liability, Owner’s Equity, Revenue, And Expense Accounts
Section: Chapter Questions
Problem 1E
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For each of the following independent cases, fill in the blank with the appropriate dollar amount.

 

Assets

=

Liabilities

+

Owners' Equity

 Case 1

$147,700

 

 

=

$65,600

 

 

+

$ ?

 

 

 Case 2

$508,200

 

 

=

$ ?

 

 

+

$194,200

 

 

 Case 3

$ ?

 

 

=

$170,400

 

 

+

$199,200

 

 

Expert Solution
Step 1 Introduction

As per accounting equation:

Assets = Liabilities + Owner's equity

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