Having trouble understanding the accounting equations:

Assets = Liabilities + Equity

a. __________________ = $122,000 + $34,000

b. $141,000 = $121,000 + ______________

c. $ 177,000 = $115,000 + $ 62,000


Please help... :confused:

Accounting equation: Assets = Liabilities + Owners' Equity

The right side of the equation kind of explains how you're going to finance your assets (you can also pay for them in cash).
The equation has to be in balance, so

a. Assets = 122,000 + 34,000 = 156,000
b. Equity = 141,000 - 121,000 = 20,000
c. correct