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    Cristy25's Avatar
    Cristy25 Posts: 1, Reputation: 1
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    #1

    Jun 22, 2010, 07:26 PM
    Assets 22,000=Liabilities of 7,200+owners equity of?
    Complete the following Equations
    Assets 22,000=Liabilities of 7,200+owners equity of?
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Jun 23, 2010, 06:56 AM

    Assets = Liabilities + Owners Equity therefore you need to solve for owners equity.

    Owners Equity = Assets - Liabilities Now just plug in your amounts and solve for Owners Equity.
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