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Posted on Jul 26, 2024

Check my work a. On January 1, Lumia Company's liabilities are $77,000 and its equity is $57,000. On January 3, Lumia purchases and installs solar

Check my work a. On January 1, Lumia Company's liabilities are $77,000 and its equity is $57,000. On January 3, Lumia purchases and installs solar panel assets costing $27.000. For the panels, Lumia pays $12,500 cash and promises to pay the remaining 514 500 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 $117,000 and its liabilities are $47.000. On March 5, ABX is fined $23.500 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 $47,000 and its liabilities are $27,000. On August 4, Lola issues a sustainability report On August 5, ownership invests $11,500 cash and $15,500 of equipment 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 liabilities are $77,000 and its equity is $57.000. On January 3, Lumia purchases and installs solar panel assets costing $27,000. For the panels, Lumla pays $12,500 cash and promises to pay the remaining $14,500 in six months. What is the total of Lumia's assets after the solar panel purchase? Assets Liabilities $ 77,000+ Equity 57.000 $ . January 1 Change January 3 Check a. On January 1, Lumia Company's liabilities are $77,000 and its equity is $57000. On January 3, Lumia purchases and installs solar panel assets costing $27,000. For the panels, Lumia pays $12,500 cash and promises to pay the remaining 514 500 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 $117,000 and its liabilities are $47.000. On March 5, ABX is fined $23.500 for falling 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 $47,000 and its liabilities are $27,000. On August 4, Lola issues a sustainability report. On August 5, ownership invests $11,500 cash and $15.500 of equipment in Lola. After the investment, what is the amount of equity for Lola? Bed Complete this question by entering your answers in the tabs below. ces Required A Required B Required c On March 1, ABX Company's assets are $117,000 and its liabilities are $47,000. On March 5, ABX is fined $23,500 for failing emission standards. ABX immediately pays the fine in cash. After the fine is paid, what is the amount of equity for Max? Equity Assets 117,000 = Liabilities $ 47 000 + $ March 1 Change March 5 = 2PA Deomics 71" FADE EH rch GP g.com Ched... TripAdvisor Facebook + Essex County Coille DO ater 1 - Exercises Help Save & E Submit 2 Check my work a. On January 1, Lumia Company's liabilities are $77,000 and its equity is $57,000. On January 3, Lumia purchases and installs solar panel assets costing $27,000. For the panels, Lumia pays $12,500 cash and promises to pay the remaining 54,500 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 $117,000 and its liabilities are $47.000. On March 5, ABX is fined $23,500 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 $47,000 and its liabilities are $27,000. On August 4, Cola issues a sustainability report. On August 5, ownership invests $11,500 cash and $15,500 of equipment in Lola. After the investment, what is the amount of equity for Lola? aped Sok Complete this question by entering your answers in the tabs below. int inces Required A Required B Required On August 1, Lola Company's assets are $47,000 and its liabilities are $27,000. On August 4, Lola issues a sustainability report. On August 5, ownership invests $11,500 cash and $15.500 of equipment in Lola. After the investment, what is the amount of equity for Lola? Equity Assets 47000 Liabilities + $ 27,000+ + August 1 Change August 5 + 110 71% da O da ad sod arch )