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38 38 E1-28B. (Learning Objectives 2, 3: Using the accounting equation; evaluating business operations) Compute the missing amount in the accounting equation for each company

38 38 E1-28B. (Learning Objectives 2, 3: Using the accounting equation; evaluating business operations) Compute the missing amount in the accounting equation for each company (amounts in thousands): Chapter 1 Assets Liabilities Owners' Equity Delta video rentals $ ? $ 9 $19 Echo entertainment 35 ? 5 Portal gifts and cards 33 16 ? Which company appears to have the strongest financial position? Explain your reasoning. LO 2 3

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