Determine the missing amount for each of the following: Assets = Liabilities + Owner’s Equity

Determine the missing amount for each of the following:

Assets = Liabilities + Owner’s Equity
a. X = $556,000 + $3,374,000
b. $6,111,200 = X + $5,725,000
c. $2,150,000 = $812,500 + X

Answers:
a. $3,930,000  ($556,000 + $3,374,000)
b. $386,200  ($6,111,200 – $5,725,000)
c. $1,337,500  ($2,150,000 – $812,500)