# Presented below is the basic accounting equation. Determine the missing amounts. Assets = Liabilities + Owners Equity (a) $90,000 $50,000 ? (b) ? $40,000 $70,000 (c) $94,000 ? $60,000

Chapter 1, Brief Exercises #1

Presented below is the basic accounting equation. Determine the missing amounts.

Assets = Liabilities + Owner’s Equity

(a) $90,000 $50,000 ?

(b) ? $40,000 $70,000

(c) $94,000 ? $60,000

Assets = Liabilities + Owner’s Equity

(a) $90,000 $50,000 ?

(b) ? $40,000 $70,000

(c) $94,000 ? $60,000

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**Related Book For**

## Accounting Principles

9th Edition

**Authors:** Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

**ISBN:** 978-0470533475