Ask Question
14 June, 23:45

On June 30, 2015, Martin Co. has assets of $22,000 and owners' equity of $5,000. What is the total of its liabilities on that date?

+1
Answers (1)
  1. 15 June, 03:07
    0
    Assets = Liabilities + Owner's Equity

    $22,000 = ? + $5,000 Subtract the $5,000 from $22,000 and that gives you the liabilities.

    ($17,000)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “On June 30, 2015, Martin Co. has assets of $22,000 and owners' equity of $5,000. What is the total of its liabilities on that date? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers