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ASSETS LIABILITIES NET ASSETS Donation Cash Asset Med Equip. Asset Liability Payroll TOTAL ASSETS Transaction A. A donation of $25,000 was received....Trans B. New Med

ASSETS LIABILITIES NET ASSETS

Donation Cash Asset

Med Equip. Asset Liability
Payroll
TOTAL ASSETS

Transaction A. A donation of $25,000 was received....Trans B. New Med Equipment was purchased as (an asset) for $10,000 and will pay for it in 90 days, creating a liability.....Trans C. Payroll was distributed resulting in a decrease in the amount of $2,000.

Using Accounting Equation Assets=Liabilities + Net Assets

What are the balance sheet totals after these transactions, assuming the society had a beginning balance of $0 / PLEASE SHOW what figures go in each row if necessary.

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