DETERMINE THE MISSING AMOUNT FOR EACH OF THE FOLLOWING : Assets = Liabilities Owner's Equity 1271,000 376,000 895,000 1,375,000 520,000 855,000 863,000 211,000 652,000 EX.1-8 A SSET, LIABILITY AND OWNER'S EQUITY ITEMS Indicate whether each of the following is identified with (1) asset, (2) liability (3) owner's equity: a) Accounts payable ( 2) b) Cash ( 1) c) Fees earn ( 3) d) Land ( 1) e) Supplies ( 1) f) Wages expense ( 2) EX. 1-9 EFFECT OF TRANSACCTIONS ON ACCOUNTING WQUATION. DESCRIBE HOW THE FOLLOWING BUSINESS TRANSACTIONS AFFECT THE THREE ELEMENTS OF THE ACCOUNTING EQUATION: a) Invested cash in business b) Paid for utilities used in the business c) Purchased supplies for cash d) Purchased supplies on account e) Received cash for services performed Todas estas actividades son activos importantes para el negocio porque ya sea en dinero en efectivo o en algn tipo de compra de material es ganancia para el negocio. EX.1-10 EFFECT OF TRANSACTIONS ON ACCOUNTING EQUATION a) A vacant los acquired for $115,000 is sold for $298,000 in cash. 

What is the effect of the sale on total amount of the seller's? ( 1) asset b) Assume that the seller owes