Your answer is incorrect. Try again. Use the expanded accounting equation to answer each of the following
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Use the expanded accounting equation to answer each of the following questions.
(a) The liabilities of Roman Company are $81,580. Owners capital account is $156,200; drawings are $85,680; revenues, $433,140; and expenses, $335,980. What is the amount of Roman Companys total assets?
Roman Companys total assets | $ |
(b) The total assets of Dylan Company are $66,590. Owners capital account is $27,070; drawings are $5,920; revenues, $43,170; and expenses, $33,570. What is the amount of the companys total liabilities?
Dylan Companys total liabilities | $ |
(c) The total assets of Capp Co. are $360,000and its liabilities are equal to two-thirds of its total assets. What is the amount of Capp Co.s owners equity?
Capp Co.s owners equity | $ |
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