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Learning E1-20 Using the accounting equation Compute the missing amount in the accounting equation for each entity from the financial information presented: Assets Liabilities Hair

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Learning E1-20 Using the accounting equation Compute the missing amount in the accounting equation for each entity from the financial information presented: Assets Liabilities Hair Styles $ 36,000 Equity $36,000 48,000 $ ? 90,000 101,000 Style Cuts Your Basket 68,000 ? E1-22 Using the accounting equation Mountain Drycleaners started 2018 with total assets of $19,000 and total liabilities of $14,000. At the end of 2018, Mountain's total assets stood at $12,000 and total liabilities were $9,000. Requirements 1. Did the stockholders' equity of Mountain Drycleaners increase or decrease during 2018? By how much? 2. Identify the four possible reasons that stockholders' equity can change

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