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What is the amount of greenway cos liabilities

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Question (a) Greenway Co. has total assets of $608,000 and its owner's equity is equal to one third of its total assets. What is the amount of Greenway Co.'s liabilities?

Question (b) May Company has liabilities of $225,000. The balance in C. May, Capital, is $130,000; in C. May, Drawings, $42,000; revenues, $440,000; and expenses, $338,000. What is the amount of May Company's total assets?

Question (c) Fereira Company has total assets of $90,000. The balance in Sharon Fereira's Capital is $32,000; in drawings, $7,000; revenues, $62,000; and expenses, $45,000. What is the amount of the company's total liabilities?

Reference no: EM132483766

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