Calculate the missing amounts in the accounting equation

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Question: Calculate the missing amounts in the accounting equation applied to Business A, assuming that:

a. Assets decreased by $16,500 during August. Assets at August 31, 2023 are $28,000.

b. Liabilities increased by $9,300 during August. Liabilities at August 1, 2023 are $13,000

Reference no: EM133654970

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