Current Attempt in Progress

Use the accounting equation to answer each of the following questions: $($Round answers to the nearest whole dollar, e$.$g$.5,275.)$

$($a$)$ The liabilities of Sheridan Company are $$117,000$ and the owner's equity is $$246,000.$ What is the amount of Sheridan Company's

total assets?

Total assets

$

$9000$

$($b$)$ The total assets of Concord Company are $$181,000$ and its owner's equity is $$99,000.$ What is the amount of its total liabilities?

Total liabilities

$

$($c$)$ The total assets of Skysong Company are $$750,000$ and its liabilities are equal to one$-$half of its total assets. What is the amount of

Skysong Company's owner's equity?

Owner's equity

$

eTextbook and Media

Current Attempt in Progress

Use the accounting equation to answer each of the following questions: $($Round answers to the nearest whole dollar, e$.$g$.5,275.)$

$($a$)$ The liabilities of Sheridan Company are $$117,000$ and the owner's equity is $$246,000.$ What is the amount of Sheridan Company's

total assets?

Total assets

$3000$

$($b$)$ The total assets of Concord Company are $$181,000$ and its owner's equity is $$99,000.$ What is the amount of its total liabilities?

Total liabilities

$

$($c$)$ The total assets of Skysong Company are $$750,000$ and its liabilities are equal to one$-$half of its total assets. What is the amount of

Skysong Company's owner's equity?

Owner's equity

$

eTextbook and Media