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BE1.9 (LO 4) AP Use the accounting equation to answer each of the following questions: a. The liabilities of Weber Company are $120,000 and the

image text in transcribed BE1.9 (LO 4) AP Use the accounting equation to answer each of the following questions: a. The liabilities of Weber Company are $120,000 and the owner's equity is $232,000. What is the amount of Weber Company's total assets? b. The total assets of King Company are $190,000 and its owner's equity is $91,000. What is the amount of its total liabilities? c. The total assets of Smith Company are $800,000 and its liabilities are equal to one half of its total assets. What is the amount of Smith Company's owner's equity

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