Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                
Scribd
Upload
38 views

Problem 2.3A Template

This document presents an accounting equation showing the assets, liabilities, and equity for a business as of December 31st. The total assets of $308,250 are equal to the total liabilities of $108,250 plus the owners' equity of $200,000. The assets include cash, land, building, and office equipment, while the liabilities include notes and accounts payable.

Uploaded by

Amos Yap
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
38 views

Problem 2.3A Template

This document presents an accounting equation showing the assets, liabilities, and equity for a business as of December 31st. The total assets of $308,250 are equal to the total liabilities of $108,250 plus the owners' equity of $200,000. The assets include cash, land, building, and office equipment, while the liabilities include notes and accounts payable.

Uploaded by

Amos Yap
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 1

Problem 2.

3A Accounting Equation
Owners
Assets = Liabilities + Equity

Cash Land Building Office
Equipment
Notes
Payable
Accounts
Payable
Share
Capital
Balance
as at
31 Dec


$37,000


$95,000


$125,000


$51,250


$80,000


$28,250


$200,000

You might also like