Question: Just before Henderson Laboratories opened for business, Eugene Henderson, the owner, had the following assets and liabilities Cash Laboratory equipment Laboratory, supplies Loan payable Accounts

Just before Henderson Laboratories opened for business, Eugene Henderson, the owner, had the following assets and liabilities Cash Laboratory equipment Laboratory, supplies Loan payable Accounts payable $41,000 76,100 17.300 10,000 15,600 Determine the totals that would appear in the firm's fundamental accounting equation (Assets Liabilities + Owner's Equity) Assets Limbities Owner's equity

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