Answer:
Assets = Liabilities + Stockholders’ Equity = $286,150
Explanation:
Note: See the attached excel file for the Analysis of the Effect of March 2021 on the Accounting Equation.
From the attached excel file, the following can be obtained:
Assets = Total assets = $193,400 + $23,400 + $20,000 + $44,000 + $5,350 = $286,150
Liabilities = Total liabilities = $18,000 + $20,000 = $38,000
Stockholders’ Equity = Total Stockholders’ Equity = $220,000 + $28,150 = $248,150
Liabilities + Stockholders’ Equity = $38,000 + $248,150 = $286,150
Therefore, the accounting equation holds as follows:
Assets = Liabilities + Stockholders’ Equity = $286,150
