The following amounts are the ending balances that form the accounting equation of Anna's Consulting Services. Instructions
a. For each amount, indicate whether it is classified as an Asset (A), Liability (
L) or Owner Equity (O
E). b. Calculate total assets, total liabilities, and total owner equity. Use these amounts to show that the accounting equation is in balance.

Question

The following amounts are the ending balances that form the accounting equation of Anna's Consulting Services.  Instructions 
a. For each amount, indicate whether it is classified as an Asset (A), Liability (
L) or Owner Equity (O
E). b. Calculate total assets, total liabilities, and total owner equity. Use these amounts to show that the accounting equation is in balance.

Quizplus · Accepted Answer

The Answer of The following amounts are the ending balances that form the accounting equation of Anna's Consulting Services.  Instructions 
a. For each amount, indicate whether it is classified as an Asset (A), Liability (
L) or Owner Equity (O
E). b. Calculate total assets, total liabilities, and total owner equity. Use these amounts to show that the accounting equation is in balance.

The Following Amounts Are the Ending Balances That Form the Accounting