newconnectmheducationcom Saved 1 Use the accounting equation

newconnect.mheducation.com Saved 1. Use the accounting equation to compute the missing financial statement amounts. Company Assets = Liabilities 2 +$41,500 =| $ 26,500| +|$ 73,000 780001 = | $ 91,000|=| $ 23,000| +

Solution

Total Assets=Total Liabilities+Total equity

Assets Liabilities Equity
78000 $36500 41500
99500 26500 73000
91000 23000 $68000.
 newconnect.mheducation.com Saved 1. Use the accounting equation to compute the missing financial statement amounts. Company Assets = Liabilities 2 +$41,500 =|

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