Answer:
1. $250,000
2. $273,000
3. $455,000
4. $750,000
Explanation:
We know that
Accounting equation is
Total assets = Total liabilities + Shareholder equity
1. The equity would be
= $500,000 - $250,000
= $250,000
2. The equity would be
Total assets = $500,000 + $100,000 = $600,000
Total liabilities = $250,000 + $77,000 = $327,000
So, the equity is
= $600,000 - $327,000
= $273,000
3. Total assets
Total liabilities = $250,000 + $33,000 = $263,000
Owner equity = $250,000 - $58,000
= $192,000
So, the total assets is
= $263,000 + $192,000
= $455,000
4. Total liabilities equal to
= $1,000,000 - $250,000
= $750,000
