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Given the accounting equation, answer each of the following questions (a) The liabilities of Sunland Company are $ 121,000 and the owner's equity is $

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Given the accounting equation, answer each of the following questions (a) The liabilities of Sunland Company are $ 121,000 and the owner's equity is $ 233,000. What is the amount of Sunland Company's total assets? Total assets (b) The total assets of Sunland Company are 5 183,000 and its owner's equity is $ 96,000. What is the amount of its total fiabilities? Total liabilities (c) The total assets of Sunland Company are 5 266,000 and its abilities are equal to one-half of its total assets. What is the amount of Sunland Company's owner's equity? Owner's equity Match the following terms and definitions. (1) Amounts due from customers (2) Amounts owed to suppliers for goods and services purchased (3) Amounts owed to bank 4 Party to whom money is owed

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