please show me how you got answer A business has the following items in it: - Owner's equity: 1 200 000 - Total liabilities 2 800 000 Assets? What is the value of assets in this business? a) 300 000 b) 400 000 c) 1 600 000 d) 4 000 000 e) none of the above

please show me how you got answer A business has the following items in it: - Owner's equity: 1 200 000 - Total liabilities 2 800 000 Assets? What is the value of assets in this business? a) 300 000 b) 400 000 c) 1 600 000 d) 4 000 000 e) none of the above

Name: please show me how you got answer A business has the following items i
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Description: please show me how you got answer A business has the following items in it:- Owner's equity: 1 200 000- Total liabilities 2 800 000Assets? What is the value of assets in this business?a) 300 000b) 400 000c) 1 600 000d) 4 000 000e) none of the above

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter1: Asset, Liability, Owner’s Equity, Revenue, And Expense Accounts

Section: Chapter Questions

Problem 2E: Determine the following amounts: a. The amount of the liabilities of a business that has 60,800 in...

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Determine the following amounts: a. The amount of the liabilities of a business that has 60,800 in assets and in which the owner has 34,500 equity. b. The equity of the owner of a tour bus that cost 57,000 and on which is owed 21,800 on an installment loan payable to the bank. c. The amount of the assets of a business that has 11,780 in liabilities and in which the owner has 28,500 equity.
1. A business has the following items in it: - Land 2 000 000 - Machinery 40 000 - Cash 20 000 - Owner's equity 1 000 000 - Debt? What is the value of debt and how is it calculated A) 1 060 000 b) 3 060 000 C) 840 000 D) 1 010 000 (please show how you got the answer) 2. A business has the following items in it: - Land 500 000 - Machinery 40 000 - Cash 60 000 - Loan? - Owner's equity 250 000 What is the value of the loan? A) 350 000 B) 850 000 C) 1 000 000 D) 1 030 000 3. A business has the following items in it: - Owner's equity: 1 200 000 - Total liabilities 2 800 000 Assets? What is the value of assets in this business? a) 300 000 b) 400 000 c) 1 600 000 d) 4 000 000 e) none of the above 4. A business has the following in it: - Land 750 000 - Machinery 40 000 - Cash 10 000 - Owner's equity 450 000 - Loan 250 000 - Creditors? What is the value of the creditors? A) 100 000 B) 7 00 000 C) 900 000 D) 1500 000
A business has the following in it: - Land 750 000 - Machinery 40 000 - Cash 10 000 - Owner's equity 450 000 - Loan 250 000 - Creditors? What is the value of the creditors? A) 100 000 B) 7 00 000 C) 900 000 D) 1500 000 please show how you got it
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The accounting equation for Pharoah Company is as follows: Assets Liabilities Stockholders' Equity $119200 = $59600 + $59600 If Pharoah purchases office equipment on account for $26200, the accounting equation will change to Assets Liabilities Stockholders' Equity $145400 = $72700 + $72700 $119200 = $59600 + $59600 $145400 = $59600 + $85800 $145400 = $85800 + $59600
i have partially answered please complete the answer Balance Sheet The balance sheet provides a snapshot of the financial condition of a company at the end of an accounting period. It shows the assets, liabilities, and owner’s equity in the business. Identify each of the following as an asset (A), contra asset (C), liability (L), or equity (E). Item Category Cash A Depreciation C Equipment A Inventory A Loans L Item Category Paid-in Capital E Prepaid Insurance A Retained Earnings E Taxes Owed L Utility Deposit A   In early December, Alice and Bob decided to open the Sample Café with $15,000 of their own money and $20,000 borrowed from a friend. They have spent $12,000 on equipment and furniture, and they have purchased $3,000 worth of inventory. Having put down a $2,500 deposit for a location on Main St., they will pay the first month’s rent when they open their doors on January…