Accounting Equation Worksheet

Assets = Liabilities + Owners Equity

1. $30,000 = _20,000______ + $10,000

2. $28,000 = $18,500 + ______9,500_

3. _____29,300__= $17,300 + $12,000

4. If Assets = $85,000 and Owners Equity = $14,000, what is the

value of Liabilities? $71,000

5. If Liabilities = $56,400 and Owners Equity = $34, 350, what is the

value of Assets? $90,750

6. If Assets = $34,890 and Liabilities = $20,000, what is the value of

Owners Equity? $14,890