At this point in time, Bark Three Times Pet Store's balance sheet shows $100,000 in assets and $90,000 in liabilities. The company's accounting system will show the owners' equity as $190,000.

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The accounting equation is Assets = Liabilities + Owners' Equity. Therefore, if assets are $100,000 and liabilities are $90,000, then owners' equity should be $10,000 ($100,000 - $90,000). Therefore, the accounting system will show owners' equity as $10,000, not $190,000.

At This Point in Time, Bark Three Times Pet Store's