Answered: Determine the missing amount for each…

Determine the missing amount for each of the following: Assets = Liabilities + Owner's equity a. x = $556,000 + $3,374,000 b. $6,111,200 = x + $5,725,000 c. $2,150,000 = $812,500 + x

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 1E

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Question

Determine the missing amount for each of the following:

	Assets	=	Liabilities	+	Owner's equity
a.	x	=	$556,000	+	$3,374,000
b.	$6,111,200	=	x	+	$5,725,000
c.	$2,150,000	=	$812,500	+	x

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