Ramsey Corporation reported the given accounts and balances in its financial statements:
Accounts Payable $16,350
Contributed Capital $30,000
Retained Earnings $18,350
Arrange the accounts and balances to the accounting equating by using the given equation and then answer the given problems.
Assets = Liabilities + owner's equity
Find out the total amount of assets? Determine the total amount of liabilities? What is the total amount of owner's equity?