For each of the following independent cases, fill in the blank with the appropriate dollar amount. Assets=Liabilities+Owners' Equity Case 1$147,700 =$65,600 +$ ? Case 2$508,200 =$ ? +$194,200 Case 3$ ? =$170,400 +$199,200

Name: For each of the following independent cases, fill in the blank with th
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Description: For each of the following independent cases, fill in the blank with the appropriate dollar amount. Assets=Liabilities+Owners' Equity Case 1$147,700 =$65,600 +$ ? Case 2$508,200 =$ ? +$194,200 Case 3$ ? =$170,400 +$199,200

Answered: For each of the following independent…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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For each of the following independent cases, fill in the blank with the appropriate dollar amount.

	Assets	=	Liabilities	+	Owners' Equity
Case 1	$147,700			=	$65,600	+	$ ?
Case 2	$508,200			=	$ ?	+	$194,200
Case 3	$ ?			=	$170,400	+	$199,200

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Step 1 Introduction

As per accounting equation:

Assets = Liabilities + Owner's equity

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