Question: Fill in the missing figures in the following table. Use the accounting equation to work out your answers. Fixed assets 70,000 ? 20,000 55,000 30,000
Fill in the missing figures in the following table. Use the accounting equation to work out your answers.

Fixed assets 70,000 ? 20,000 55,000 30,000 Current assets 16,000 24,000 3,000 9,000 ? Long-term liabilities 20,000 20,000 0 15,000 20,000 Current liabilities 8,000 4,000 8,000 ? 10,000 Capital ? 60,000 ? 45,000 15,000
Step by Step Solution
3.48 Rating (155 Votes )
There are 3 Steps involved in it
The basic accounting equation is Assets Liabilities Equity Assets consists fixed assets and current ... View full answer
Get step-by-step solutions from verified subject matter experts
