The accounting equation for Goodboys Enterprises is as follows:
Assets Liabilities Owner’s Equity
$120,000 = $60,000 + $60,000
If Goodboys purchases office equipment on account for $12,000, the accounting equation will change to
Assets Liabilties Owner’s Equity
- $120,000 = $60,000 + $60,000
- $132,000 = $60,000 + $72,000
- $132,000 = $66,000 + $66,000
- $132,000 = $72,000 + $60,000
d. $132,000 = $72,000 + $60,000
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