# accounting

I am taking beginning Accounting. I have learning disabilities, so it is very difficult sometimes for me to keep up with the information in class.
Once I understand it then I am fine.

Thank you

Accounting Equation

As of 12/31, he owned the following property that related to his practice

Cash\$ \$ 4,750
Office Equipment 6,200
X-Ray Equipment 11,680
Laboratory Equipment 7,920

He also owes the following business suppliers:

Chateau Gas Company 2,420
Aloe Medical Supply Co 3,740

From the preceeding information, comute the accounting elements and enter them in the accounting equation shown as follows.

Assets = Liabilities + Owner's Equity

______ = ___________ + ______________

2. During January, the assets increase by \$ 7,290, and the liabilities increase by \$ 4,210. Compute the resulting accounting equation.

3. During February, the asssets decrease by \$ 2,920, and the liabilities increase by \$ 2,200. Compute the resulting accounting equation.

1. 👍
2. 👎
3. 👁
1. 2. For January the equation
Assets are:30550
Liabilities:6160
Owners Equity:36710

1. 👍
2. 👎

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