(a) Greenway Co. has total assets of $600,000 and its owner's equity is equal to one third of its total assets. What is the amount of Greenway Co.'s liabilities?
(b) May Company has liabilities of $280,000. The balance in C. May, Capital, is $130,000; in drawings, $40,000; revenues, $440,000; and expenses, $330,000. What is the amount of May Company's total assets?
(c) Ferreira Company has total assets of $90,000. The balance in Sharon Ferreira's Capital is $35,000; in drawings, $7,000; revenues, $55,000; and expenses, $45,000. What is the amount of the company's total liabilities?