Question: Exercises Determining accounting equation amounts. Just before Ward Laboratories opened for business, Pamela Ward, the owner, had the following assets and liabilities. Determine the totals

Exercises
Determining accounting equation amounts.
Just before Ward Laboratories opened for business, Pamela Ward, the owner, had the following assets and liabilities. Determine the totals that would appear in the firm's fundamental accounting equation (Assets = Liabilities Owner's Equity).
\table[[Cash,$101,000
Exercises Determining accounting equation

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