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AC114 Unit 1 Lab Assignment 89F Sunny Question 4 of 13 < > Use the expanded accounting equation to answer each of the following
AC114 Unit 1 Lab Assignment 89F Sunny Question 4 of 13 < > Use the expanded accounting equation to answer each of the following questions. -/2 (a) The liabilities of Crane Company are $90,000. Owner's capital is $145,000; drawings are $82,000; revenues, $465,000; and expenses, $326,000. What is the amount of Crane Company's total assets? Total assets $ (b) The total assets of Sierra Company are $64,000. Owner's capital is $17,000; drawings are $5,200; revenues, $52,000; and expenses, $40,000. What is the amount of the company's total liabilities? Total liabilities $ (c) The total assets of Birch Co. are $648,000 and its liabilities are equal to two-thirds of its total assets. What is the amount of Birch Co.'s owner's equity? Owner's equity $
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