Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=19)
-   -   Assets 22,000=Liabilities of 7,200+owners equity of? (https://www.askmehelpdesk.com/showthread.php?t=482091)

  • Jun 22, 2010, 07:26 PM
    Cristy25
    Assets 22,000=Liabilities of 7,200+owners equity of?
    Complete the following Equations
    Assets 22,000=Liabilities of 7,200+owners equity of?
  • Jun 23, 2010, 06:56 AM
    pready

    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.

    • All times are GMT -7. The time now is 09:03 AM.