02 Ex 2-1 6 Saved Exercise 2.1 Determining accounting equation amounts. LO 2-1, 2-2 Just before Johnson Laboratories opened for business, Howard Johnson, the owner, had the following assets and liabilities. Cash Laboratory Equipment Laboratory Supplies Loan Payable Accounts Payable $ 41,300 76,480 7,600 15,900 10,075 eBook Ask Print ferences Determine the totals that would appear in the firm's fundamental accounting equation Assets Liabilities Owners Equity