Exercise 2.2 The fundamental accounting equations for several businesses follow. Supply the missing amounts.

Objectives 2-1, 2-2

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Assets = Liabilities + Owner’s Equity 1. $32,350 = $6,720 + $ ?

2. $28,900 = $6,380 + $ ?

3. $48,075 = $ ? + $12,300 4. $ ? = $5,700 + $33,876 5. $54,000 = $ ? + $29,200