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. |
