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Problem #3: Using the accounting equation, complete the following problem by filling in the yellow highlighted cells. 10 pts. As of December 31, 2018 As
Problem #3: Using the accounting equation, complete the following problem by filling in the yellow highlighted cells. | 10 pts. | |||||||
As of December 31, 2018 | As of December 31, 2019 | |||||||
Total Assets | $ 1,500,000 | |||||||
Total Liabilities | 700,000 | 1,400,000 | ||||||
Total Equity | $ 800,000 | $ 900,000 | ||||||
Ending Equity (Equity as of December 31,2019) | ||||||||
Beginning Equity (Equity as of December 31,2018) | ||||||||
Increase in Equity |
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