Question 2 The Accounting Equation ( Complete the following accounting equation. Assets Liabilities + Owner's Equity Owner's Equity = Assets - Liabilities Liabilities = Assets - Owner's Equity = Assets 80,000 67,000 37,000 98,564 Liabilities 93,000 4,000 88,765 45,990 Owner's Equity 56,000 46,000 65,000 93,698

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Question 2 The Accounting Equation (
Complete the following accounting equation.
Assets Liabilities + Owner's Equity
Owner's Equity = Assets - Liabilities
Liabilities Assets - Owner's Equity
=
Assets
80,000
67,000
37,000
98,564
Liabilities
93,000
4,000
88,765
45,990
Owner's Equity
56,000
46,000
65,000
93,698
Transcribed Image Text:Question 2 The Accounting Equation ( Complete the following accounting equation. Assets Liabilities + Owner's Equity Owner's Equity = Assets - Liabilities Liabilities Assets - Owner's Equity = Assets 80,000 67,000 37,000 98,564 Liabilities 93,000 4,000 88,765 45,990 Owner's Equity 56,000 46,000 65,000 93,698
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