rmination of Unknown Accounting Elements The following relates to the financial position of an enterprise: Assets - Liabilities = Owner's Equity CASE 1 P250,000 ? P 175,000 CASE 2 P380,000 120,000 P ? CASE 3 P ? 150 000 P400,000 CASE 4 P510,000 2 P0 CASE 5 P 320,000 180.000 P 140.000 2-2 Basic Accounting Equation ASSETS CASE 1 P 410,000 CASE 2 P? CASE 3 P500,000 CASE 4 P ? CASE 5 P 315,000 LIABILITIES P 130,000 P210,000 P ? P320,000 P 215,000 OWNER'S EQUITY P ? P 330,000 P 300,000 P 410,000 P