As of December 31, 2018, Johnson company has assets of $6,500 and liabilities of $2,000. What is the owner’s equity for Johnson company ( )
A: 3500
B: 8500
C: 3000
D: 4500
A: 3500
B: 8500
C: 3000
D: 4500
举一反三
- Johnson company pays the software company $5,000 with a check that they bought. Which the following statement is true? A: Assets are increase and liabilities are increase. B: Assets are decrease and owner’s equity is decrease. C: Assets are decrease and liabilities are decrease. D: Assets are increase and owner’s equity is increase.
- The assets of Company A are $145,200, and the owner’s equity is $26,000. What is the amount of the liabilities?
- The liabilities and owner's equity of B Company are $94,000 and $39,000. What's the amount of the assets?
- If a company has assets of 88,000 and owner’s equity of 52,000, the liabilities of the company are ( ) A: 88,000 B: 140,000 C: 52,000 D: 36,000
- If a company has assets of 78,000 and owner’s equity of 42,000, the liabilities of the company are ( ) A: 78,000 B: 120,000 C: 42,000 D: 36,000