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

Use the accounting equation to compute the missing financial statement amounts in the two separate cases a and b.
a. Total assets equal $81,600. Equity and liability amounts are equal to each other. Compute total liabilities and total equity.
b. Total liabilities equal $20,800. Total equity is $30,800. Compute total assets.
Use the accounting equation to compute the missing financial statement amounts

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