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Determine the missing amounts in the following accounting equations. Stockholders' Equity Liabilities Assets Lundy Plumbing, Corp. Sanchez

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Determine the missing amounts in the following accounting equations.

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Stockholders' Equity Liabilities Assets Lundy Plumbing, Corp. Sanchez Hardware, Inc. Cutter & Son Cleaners, Inc. $50,500 $13,300 $ 95,000 $34,000 ? $8,200 $117,900 || ||||

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Related Book For  book-img-for-question
Financial Accounting

Financial Accounting

ISBN: 978-0134727790

5th edition

Authors: Robert Kemp, Jeffrey Waybright

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The accounting equation is a formula that shows the sum of a company\\\'s liabilities and shareholders\\\' equity are equal to its total assets (Assets = Liabilities + Equity). The clear-cut relationship between a company\\\'s liabilities, assets, and equity is the backbone of double-entry bookkeeping.

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