Just before Lewis Laboratories opened for business, Rosa Damon, the owner, had the following assets and liabilities. Determine the totals that would appear in the firm's fundamental accounting equation (Assets= Liabilities + Owners equity).

Cash $36,000
Laboratory equipment 81,000
Laboratory supplies 5,500
Loans payable 13,000
Accounts payable 8,950

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From the information provided it appears your are trying to find Owners Equity.

Owners Equity = Assets - Liabilities.

Your payables are liabilities and your other accounts are assets.