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Calculate the missing amounts in the accounting equation applied to Business A, assuming that: a. Assets decreased by $21,500 during August. Assets at August 31,

Calculate the missing amounts in the accounting equation applied to Business A, assuming that: a. Assets decreased by $21,500 during August. Assets at August 31, 2023 are $38,000.

august1,2023 assets=$23000+equity

b. Liabilities increased by $10,300 during August. Liabilities at August 1, 2023 are $23,000.

august31,2023 $38000=liabilities+equity

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