Use the expanded accounting equation to
answer each of the following questions.
(a) The liabilities of Roman Company are $90,000. Ownerâ€™s capital
account is $150,000; drawings are $40,000; revenues, $450,000; and expenses,
$320,000. What is the amount of Roman Companyâ€™s total assets?
The total assets of Dylan Company are $57,000. Ownerâ€™s capital account is
$25,000; drawings are $7,000; revenues, $52,000; and expenses, $35,000. What is
the amount of the companyâ€™s total liabilities
The total assets of Capp Co. are $600,000 and its
liabilities are equal to two-thirds of its total assets. What is the amount of
Capp Co.â€™s ownerâ€™s equity