3.Tom Cruz company has liabilities equal to one fourth of its total assets. Cruz's Owner's Equity is $120,000. Using the accounting equation, what is the amount of liabilities for Cruz? 4. On September 8, Germany company purchased supplies worth $ 30,000 on account. On September 22nd. paid the entire bill of September 8th, Prepare journal entries for the above transactions. 5. On August 9, Warner company purchased a Building and a plot of Land for a lump sum of $ 1,000,000. The Building was valued at $ 800,000, while the Land carried a value of 4 200,000. Warner paid $ 200,000 down in cash and signed a note payable for the balance. Prepare journal entry for the above transaction. Show Computations