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Answer the following questions. Hint: Use the accounting equation. a . On January 1 , Lumia Company's liabilities are $ 6 0 , 0 0

Answer the following questions. Hint: Use the accounting equation.
a. On January 1, Lumia Company's liabilities are $60,000 and its equity is $40,000. On January 3, Lumia purchases solar panel assets costing $10,000. For the panels, Lumia pays $4,000 cash and promises to pay the remaining $ months. What is the total of Lumia's assets after the solar panel purchase?
b. On March 1, ABX Company's assets are $100,000 and its liabilities are $30,000. On March 5,ABx is fined $15,00 emission standards. ABX immediately pays the fine in cash. After the fine is paid, what is the amount of equity fol
c. On August 1, Lola Company's assets are $30,000 and its liabilities are $10,000. On August 4, Lola issues a sustai On August 5, ownership invests $3,000 cash and $7,000 of equipment in Lola. After the investment, what is the : for Lola?
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On August 1, Lola Company's assets are $30,000 and its liabilities are $10,000. On August 4, Lola issues a sustainability report. On August 5, ownership invests $3,000 cash and $7,000 of equipment in Lola. After the investment, what is the amount of equity for Lola?
\table[[,Assets,=,Liabilities,+,Equity],[August 1,$,30,000,=,$10,000,+,],[Change,,=,,+,],[August 5,,,,,]]
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