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Assets 22,000=Liabilities of 7,200+owners equity of?
Cristy25
Jun 22, 2010, 07:26 PM
Complete the following Equations
Assets 22,000=Liabilities of 7,200+owners equity of?
pready
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.