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
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
Chapter1: Financial Statements And Business Decisions
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Step 1: Introduce to accounting equation
VIEWStep 2: Working for liabilities of case 1
VIEWStep 3: Working for Assets of case 2
VIEWStep 4: Working for liabilities of case 3
VIEWStep 5: Working for owner's equity of case 4
VIEWStep 6: Working for Assets of case 5
VIEWStep 7: Working for owner's equity of case 6
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