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    sweetie198's Avatar
    sweetie198 Posts: 1, Reputation: 1
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    #1

    Feb 19, 2009, 01:31 PM
    Accounting Equation
    Hector Lopez capital as of December 31, 2008, assuming that assets decreased by $75,000 and liabilities increased by $27,000 during 2008. What I need to do to solve the problem? :confused:
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Feb 19, 2009, 02:10 PM

    Assets = Liabilities + Owners Equity
    Plug your numbers in and solve for Owners Equity
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