Question
Answer the following questions. Hint Use the accounting equation a. On January 1 Lumia Company's Sabilities are $63,000 and its equity is $43,000. On
Answer the following questions. Hint Use the accounting equation a. On January 1 Lumia Company's Sabilities are $63,000 and its equity is $43,000. On January 3, Lumia purchases and installs solar panet assets costing $13,000. For the panels, Luma pays $5,500 cash and promises to pay the remaining $7,500 in six months. What in the total of Lumia's assets after the solar panel purchase? b. On March 1, ABX Company's assets are $103,000 and its abilities are $33,000. On March S, ABX is fined $16,500 for falling emission standards. ABX immediately pays the fine in cash. After the fine is paid, what is the amount of equity for ABX On August 1. Lola Company's assets are $33,000 and its abilities are $13,000. On August 4, Lola issues a sustainability report following SASB guidelines. Investors react positively to this report. On August 5, a new investor contributes $4,500 cash and $8.500 equipment change for ownership in Lola. After the investment, what is the amount of equity for Lola? Complete this question by entering your answers in the tabe below. Required Required Required C On January 1, Lumia Company's Sablities are $63,000 and its equity is $43,000. On January 3, Lumia purchases and instas solar panel assets costing $13,000. For the panels, Lumia pays $5,500 cash and promises to pay the remaining $7,500 in six months. What is the total of Lumia's assets after the solar panel purchase? Begiving Change Ending Asus Um S 63.000 Equity 43.000 > Next Check my work
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