Use the accounting equation to answer the following questions.
1. Force 10 Sails Co. has total assets of $120,000 and total liabilities of $35,000. What is owner's equity?
2. Marcy Fun Center has total assets of $225,000 and owner's equity of $105,000. What are total liabilities?
3. Franco's Restaurant has total liabilities of $40,000 and owner's equity of $95,000. What are total assets?

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The Answer of Use the accounting equation to answer the following questions.
1. Force 10 Sails Co. has total assets of $120,000 and total liabilities of $35,000. What is owner's equity?
2. Marcy Fun Center has total assets of $225,000 and owner's equity of $105,000. What are total liabilities?
3. Franco's Restaurant has total liabilities of $40,000 and owner's equity of $95,000. What are total assets?

Use the Accounting Equation to Answer the Following Questions