Answer the following questions. Hint Use the accounting equation a. On January 1, Lumla Company's liabilities are $75,000 and its equity is $55.000. On January 3, Lumia purchases and installs solar panel assets costing $25,000. For the panels, Lumia pays $11,500 cash and promises to pay the remaining of $13,500 in six months What is the total of Lumia's assets after the solar panel purchase? b. On March 1, ABX Company's assets are $115,000 and its liabilities are $45,000. On March 5, ABX is fined $22,500 for failing emission standards. ABX immediately pays the fine in cash. After the fine is paid, what is the amount of equity for ABX? c. On August 1, Lola Company's assets are $45,000 and its liabilities are $25000. On August 4 Lola Issues a sustainability report following SASB guidelines Investors react positively to this report on August 5, a new investor contributes $10,500 cash and $14,500 in equipment in exchange for ownership in Lola. After the investment, what is the amount of equity for Lola? Complete this question by entering your answers in the tabs below. Required A Required B Required On January 1, Lumia Company's abilities are $75,000 and its equity is $55,000. On January 3, Lumia purchases and installs solar panel assets costing $25,000. For the panels, Lumla pays $11,500 cash and promises to pay the remaining of $13,500 in six months. What is the total of Lumia's assets after the solar panel purchase? Assets Liabilities Equity Beginning 75,000 $ 55,000 Change 13.500 Ending + Required Required B > Answer the following questions. Hint Use the accounting equation a. On January 1, Lumia Company's liabilities are $75,000 and its equity is $55,000. On January 3. Lumia purchases and installs solar panel assets costing $25.000. For the panels, Lumia pays $11,500 cash and promises to pay the remaining of $13,500 in six months. What is the total of Lumia's assets after the solar panel purchase? b. on March 1 ABX Company's assets are $115,000 and its abilities are $45,000. On March 5, ABX is fined $22,500 for failing emission standards. ABX immediately pays the fine in cash. After the fine is paid what is the amount of equity for ABX? c. On August 1, Lola Company's assets are $45,000 and its liabilities are $25,000. On August 4, Lola issues a sustainability report following SASB guidelines. Investors react positively to this report on August 5, a new investor contributes $10,500 cash and $14,500 in equipment in exchange for ownership in Lola. After the investment, what is the amount of equity for Lola? Complete this question by entering your answers in the tabs below. Required A Required B Retired C On August 1, Lola Company's assets are $45,000 and its abilities are $25,000. On August 4, Lola Issues a sustainability report following SASB guidelines. Investors react positively to this report. On August 5, a new investor contributes $10,500 cash and $14,500 in equipment in exchange for ownership in Lola. After the investment, what is the amount of equity for Lola? Show less Assets Liabilities Equity Beginning $ 45,000 = 25,000 Change Ending $
