Question: CALCULATOR PRINTER VERSION BACK NE Brief Exercise 1-04 Use the expanded accounting equation to answer each of the following questions. (a) The liabilities of Carla

 CALCULATOR PRINTER VERSION BACK NE Brief Exercise 1-04 Use the expanded

CALCULATOR PRINTER VERSION BACK NE Brief Exercise 1-04 Use the expanded accounting equation to answer each of the following questions. (a) The liabilities of Carla Vista Company are $90,000. Owner's capital is $149,000; drawings are $96,000; revenues, $469,000; and expenses, $336,000. What is the amount of Carla Vista Company's total assets? Total assets $ (b) The total assets of Sierra Company are $60,000. Owner's capital is $23,000; drawings are $5,800; revenues, $52,000; and expenses, $45,000. What is the amount of the company's total liabilities? Total liabilities $ (c) The total assets of Birch Co. are $507,000 and its liabilities are equal to two-thirds of its total assets. What is the amount of Birch Co.'s owner's equity? Owner's equity $ Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT

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