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EXERCISE 2.5 Using the Accounting Equation Compute the missing amounts in the following table: Assets = Liabilities + Owners' Equity a $578,000 $342,000 562,500 $570,000

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EXERCISE 2.5 Using the Accounting Equation Compute the missing amounts in the following table: Assets = Liabilities + Owners' Equity a $578,000 $342,000 562,500 $570,000 307,500 ? 187,200 A number of business transactions carried out by Smalling Manufacturing Company are as follows: b. ? c. 3 EXERCISE 2.6

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