Question: Use the accounting equation to compute the missing financial statement amounts in the two separate cases a and b. a. Total assets equal $80,000. Equity

Use the accounting equation to compute the missing financial statement amounts

Use the accounting equation to compute the missing financial statement amounts in the two separate cases a and b. a. Total assets equal $80,000. Equity and liability amounts are equal to each other. Compute total liabilities and total equity. b. Total liabilities equal $20,000. Total equity is $30,000. Compute total assets

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