Just before Johnson Laboratories opened for business, Howard Johnson,


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Just before Johnson Laboratories opened for business, Howard Johnson, the owner, had the following assets and liabilities. cash $40,300 Laboratory Equipment 75,400 Laboratory Supplies 6,600 Loan Payable 14,900 Accounts Payable 9,825 Determine the tota

Sale price $15.00 Regular price $30.00

Just before Johnson Laboratories opened for business, Howard Johnson,
the owner, had the following assets and liabilities.

cash $40,300
Laboratory Equipment 75,400
Laboratory Supplies 6,600
Loan Payable 14,900
Accounts Payable 9,825

Determine the totals that would appear in the firm's fundamental accounting equation.
Assets_________
Liabilities__________
Owner's Equity__________________

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