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

    Feb 4, 2010, 12:32 PM
    Determing Accounting Equation Amounts
    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's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Feb 5, 2010, 08:49 PM

    Please see the guidelines for posting homework questions:
    https://www.askmehelpdesk.com/financ...-b-u-font.html

    What has been your attempt at doing this?
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