Question: panel assets costing $ 1 7 , 0 0 0 . For the panels, Lumia pays $ 7 , 5 0 0 cash and promises

panel assets costing $17,000. For the panels, Lumia pays $7,500 cash and promises to pay the remaining $9,500 in six months. What is the total of Lumia's assets after the solar panel purchase?
b. On March 1, ABX Company's assets are $107,000 and its liabilities are $37,000. On March 5,ABx is fined $18,500 for failing emission standards. ABx immediately pays the fine in cash. After the fine is paid, what is the amount of equity for ABx ?
c. On August 1, Lola Company's assets are $37,000 and its liabilities are $17,000. On August 4, Lola issues a sustainability report. On August 5, ownership invests $6,500 cash and $10,500 of equipment in Lola. After the investment, what is the amount of equity for Lola?
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On January 1, Lumia Company's liabilities are $67,000 and its equity is $47,000. On January 3, Lumia purchases and installs solar panel assets costing $17,000. For the panels, Lumia pays $7,500 cash and promises to pay the remaining $9,500 in six months. What is the total of Lumia's assets after the solar panel purchase?
\table[[,Assets,=,Liabilities,+,Equity],[January 1,,=,$,67,000,+,$,47,000],[Change,,=,,,+,,],[January 3,,=,,,+,,]]
 panel assets costing $17,000. For the panels, Lumia pays $7,500 cash

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