Question

Determine the missing amount for each of the following: Assets Liabilities + a. $264,300 + + $9,090 b. C. $132,150 $63,600 || = = Stockholders' Equity $825,950 $41,300

Answer 1

To determine the missing amount in each case, we can use the equation Assets = Liabilities + Stockholders' Equity.

a. To find the missing amount in Assets:
Assets = Liabilities + Stockholders' Equity
Assets = $264,300 + $9,090
Assets = $273,390

b. To find the missing amount in Liabilities:
Assets = Liabilities + Stockholders' Equity
$273,390 = Liabilities + $41,300
Liabilities = $273,390 - $41,300
Liabilities = $232,090

c. To find the missing amount in Stockholders' Equity:
Assets = Liabilities + Stockholders' Equity
$132,150 + $63,600 = Stockholders' Equity
Stockholders' Equity = $195,750

Therefore, the missing amounts are:
a. Assets: $273,390
b. Liabilities: $232,090
c. Stockholders' Equity: $195,750