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Accounting Equation The total assets and total liabilities of ThriftShop, Inc. and Bullseye Corporation are shown below. ThriftShop, Inc. Bullseye Corporation Assets $11,624 $15,925 Liabilities
Accounting Equation
The total assets and total liabilities of ThriftShop, Inc. and Bullseye Corporation are shown below.
| ThriftShop, Inc. | Bullseye Corporation | |||||||
| Assets | $11,624 | $15,925 | ||||||
| Liabilities | 2,209 | 1,274 | ||||||
Determine the owners' equity of each company.
| ThriftShop, Inc. owners' equity | $ |
| Bullseye Corporation owners' equity | $ |
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Auditing Integrated Concepts And Procedures
Authors: Donald H. Taylor, G. William Glezen
5th Edition
0471524239, 978-0471524236
