It’s actually one question of a bigger section related to this topic
Use the Dynamic Exhibit to answer the following questions.
1. When the amount paid for land is $36,000 and the amount paid for expenses is $10,000, the balance in total assets after transaction (b) is_____ $
2. When the amount paid for land is $36,000 and the amount paid for expenses is $18,000, the balance in total assets after transaction (b) is _____$
3. When the amount paid for land is $50,000 and the amount paid for expenses is $18,000, the balance in total assets after transaction (b) is _____$
4. When the amount paid for land is $50,000 and the amount paid for expenses is $10,000, the balance on the right side of the accounting equation after transaction (b) is ____$