Question: Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Required C On January 1, Lumia



Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Required C On January 1, Lumia Company's liabilities are $79,000 and its equity is $59,000. On January 3, Lumia purchases and installs solar panel assets costing $29,000. For the panels, Lumia pays $13,500 cash and promises to pay the remaining $15,500 in six months. What is the total of Lumia's assets after the solar panel purchase? + Assets 138,000 = $ + $ Beginning Change Ending Liabilities $ 79,000 15,500 $ 59.000 Equity 59,000 0 59,000 + 15,500 = 59,000 X $ + Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Required On March 1, ABX Company's assets are $119,000 and its liabilities are $49,000. On March 5, ABX is fined $24,500 for failing emission standards. ABX immediately pays the fine in cash. After the fine is paid, what is the amount of equity for ABX? Liabilities $ 49,000 $ Assets 119,000 24,500 + Beginning Change Ending $ Equity 70,000 24,500 0 + $ Il + $ Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B Required C On August 1, Lola Company's assets are $49,000 and its liabilities are $29,000. On August 4, Lola issues a sustainability report following SASB guidelines. Investors react positively to this report. On August 5, a new investor contributes $12,500 cash and $16,500 in equipment in exchange for ownership in Lola. After the investment, what is the amount of equity for Lola? Liabilities $ 29,000 $ Assets 49,000 29,000 + Beginning Change Ending $ Equity 20,000 29,000 0 + $ II $ + $ Required B Required
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