Do HomeworkAbby NetMila Firf homeworkid465037811questorld20f

Do Homework-Abby Net-Mila Firf homeworkid-465037811&questorld-20;&flushedzfalse;ⅆ , 120% SAM 3100 Online Spring 2017-2018 Abby Neff 1 1/11/18 11:56 PM Homework: Ch. R Accounting: Not For Save Grade, But Prerequsite T Score: 0 of 1 pt 200126 (22 complete) HW Score: 75%, 24 of 32 pts Accounting Equation5 EQuestion Help Jojo Food Enterprises has $45,000 in cash, $14,000 in inventory, $26,000 balance due to creditors, and $33,000 balance due from customers. What is the amount of owners\' equity? The owners\' equity amount Enter your answer in the answer box and then click Check Answer Clear All

Solution

Total assets = Cash+Inventory+Due from customers = 45000+14000+33000= 92000 Owner\'s equity = Total assets-Liabilities =92000-26000 = 66000