The liabilities of Sandhill Company are $85,000. Owner's capital is $148,000, drawings are $94,000;revenues, 459,000; and expenses, $338,000. What is the amount of Sandhill Company's total assets?

 

 The total asset of Sierra Company are $58,000. Owner's capital is $29,000; drawings are $6,800 revenues, $50,000; and expenses, $26,000. What is the amount of the company's total liabilities?

 

The total assets of Birch Co are $513,000 and it's liabilities are equal to two-thirds of it's total assets. What is the amount of Birch Co's owner's equity?

 

   Use the 4accounting equation to answer each of following questions.

Answer rating: 100% (QA)

To solve each of these questions well use the accounting equation 1 Assets Lia... View the full answer