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, 2017 is $38,000. Assets =Liabilities + Equity $23,000 At August 1, 2017 b. Liabilities increased by $10,300 during August. Liabilities at August 1, 2017 is $23,000. Assets =Liabilities + Equity At August 31, 2017 $38,000