Mira Gordon assets and liabilities are listed below in random order: Bank balance $856.25; Bank Loan $5 000; House and lot; $185 000.00; Cash on hand $ 85.35, Amount owed to Esso oil $ 135.60, Amount owed to Ontario hydro $85.50, miscellaneous equipment $1 850.00 mortgage on house and lot $90 000.00, Household furniture and furnishings $4 800.00; Amount loaned oto Mira Gordon $ 2 000.00 A. List the assets in one column and total them. B. List the liabilities in another column and total them. Calculate Mira Gordon's equity. C.

College Accounting (Book Only): A Career Approach
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Chapter1: Asset, Liability, Owner’s Equity, Revenue, And Expense Accounts
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List Ken Lewin's assets in one column. His liabilities in another, and calculate
his equity.
Mira Gordon assets and liabilities are listed below in random order:
Bank balance $856.25; Bank Loan $5 000; House and lot; $185 000.00;
Cash on hand $ 85.35, Amount owed to Esso oil $ 135.60, Amount owed to
Ontario hydro $85.50, miscellaneous equipment $1 850.00 mortgage on house
and lot $90 000.00, Household furniture and furnishings $4 800.00; Amount
loaned oto Mira Gordon $ 2 000.00
A.
List the assets in one column and total them.
B.
List the liabilities in another column and total them.
Calculate Mira Gordon's equity.
C.
Transcribed Image Text:List Ken Lewin's assets in one column. His liabilities in another, and calculate his equity. Mira Gordon assets and liabilities are listed below in random order: Bank balance $856.25; Bank Loan $5 000; House and lot; $185 000.00; Cash on hand $ 85.35, Amount owed to Esso oil $ 135.60, Amount owed to Ontario hydro $85.50, miscellaneous equipment $1 850.00 mortgage on house and lot $90 000.00, Household furniture and furnishings $4 800.00; Amount loaned oto Mira Gordon $ 2 000.00 A. List the assets in one column and total them. B. List the liabilities in another column and total them. Calculate Mira Gordon's equity. C.
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