Department : Mechanical Engineering Subject : Accounting

3. a. Write the accounting equation. b. The liabilities of Grieg Company are $120,000 and the owner's equity is $232,000. What is the amount of Grieg Company's total assets? c. The total assets of Grieg Company are $190,000 and its owner's equity is $91,000. What is the amount of its total liabilities? d. The total assets of Grieg Company are $800,000 and its liabilities are equal to one-half of its total assets. What is the amount of Grieg Company's owner's equity