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breleigh
Feb 4, 2010, 12:32 PM
Just before Lewis laboratories opened for business, Roso Doman , the owner, had the following assets and liabilities. Determine the totals that would appear in the firm's fundamental accounting equation (Assets= Liabilities + Owner's Equity)

Cash: $18,250
Lab Equipment: 40,950
Lab Supplies: 2,775
Loan Payable: 6,800
Accounts Payable: 4,200


Assets=?
Liabilities=?
Owner's Equity=?

morgaine300
Feb 5, 2010, 08:49 PM
Please see the guidelines for posting homework questions:
https://www.askmehelpdesk.com/finance-accounting/announcement-font-color-ff0000-u-b-read-first-expectations-homework-help-board-b-u-font.html

What has been your attempt at doing this?