Question: Brief Exercises BE1.1 (LO 3) Presented below is the basic accounting equation. Determine the missing amounts. Use basic accounting equation. + a. C. Assets Liabilities
Brief Exercises BE1.1 (LO 3) Presented below is the basic accounting equation. Determine the missing amounts. Use basic accounting equation. + a. C. Assets Liabilities Owner's Equi ty $90,000 $50,000 ? b. ? $44,000 $70,000 $94,000 ? $53,000 BE1.2 (L03) Given the accounting equation, answer each of the following questions Use basic accounting equation. a. The liabilities of Berber Company are $120,000 and the owner's equity is $230,000. What is the amount of Weber Company's total assets? b. The total assets of Berber Company are $190,000 and its owner's equity is $89,000. What is the amount of its total liabilities? c. The total assets of Berber Company are $900,000 and its liabilities are equal to one-half of its total assets. What is the amount of Berber Company's owner's equity? BE1.3 (LO 3) At the beginning of the year, Gilles Company had total assets of $800,000 and total liabilities of $300,000. Answer the following questions. Use basic accounting equation
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