(Solved): a. On January 1 , Lumia Company's liabilities are \( \$ 68,000 \) and its equity is \( \$ 48,000 ...

a. On January 1 , Lumia Company's liabilities are \( \$ 68,000 \) and its equity is \( \$ 48,000 \). On January 3 , Lumia purchases and installs solar panel assets costing \( \$ 18,000 \). For the panels, Lumia pays \( \$ 8,000 \) cash and promises to pay the remaining \( \$ 10,000 \) in six months. What is the total of Lumia's assets after the solar panel purchase? b. On March 1, ABX Company's assets are \( \$ 108,000 \) and its liabilities are \( \$ 38,000 \). On March 5 , \( A B X \) is fined \( \$ 19,000 \) for failing emission standards. ABX immediately pays the fine in cash. After the fine is paid, what is the amount of equity for \( A B X \) ? c. On August 1, Lola Company's assets are \( \$ 38,000 \) and its liabilities are \( \$ 18,000 \). On August 4, Lola issues a sustainability report. On August 5 , ownership invests \( \$ 7,000 \) cash and \( \$ 11,000 \) of equipment in Lola. After the investment, what is the amount of equity for Lola? Complete this question by entering your answers in the tabs below. On January 1, Lumia Company's liabilities are \( \$ 68,000 \) and its equity is \( \$ 48,000 \). On January 3 , Lumia purchases and installs solar panel assets costing \( \$ 18,000 \). For the panels, Lumia pays \( \$ 8,000 \) cash and promises to pay the remaining \( \$ 10,000 \) in six months. What is the total of Lumia's assets after the solar panel purchase? a. On January 1 , Lumia Company's liabilities are \( \$ 68,000 \) and its equity is \( \$ 48,000 \). On January 3 , Lumia purchases and installs solar oanel assets costing \( \$ 18,000 \). For the panels, Lumia pays \( \$ 8,000 \) cash and promises to pay the remaining \( \$ 10,000 \) in six months. What s the total of Lumia's assets after the solar panel purchase? o. On March 1, \( A B X \) Company's assets are \( \$ 108,000 \) and its liabilities are \( \$ 38,000 \). On March \( 5, A B X \) is fined \( \$ 19,000 \) for failing emission standards. ABX immediately pays the fine in cash. After the fine is paid, what is the amount of equity for \( A B X \) ? =. On August 1, Lola Company's assets are \( \$ 38,000 \) and its liabilities are \( \$ 18,000 \). On August 4, Lola issues a sustainability report. On August 5 , ownership invests \( \$ 7,000 \) cash and \( \$ 11,000 \) of equipment in Lola. After the investment, what is the amount of equity for Lola? Complete this question by entering your answers in the tabs below. On March 1, ABX Company's assets are \( \$ 108,000 \) and its liabilities are \( \$ 38,000 \). On March \( 5, A B X \) is fined \( \$ 19,000 \) for failing emission standards. ABX immediately pays the fine in cash. After the fine is paid, what is the amount of equity for ABX? a. On January 1 , Lumia Company's liabilities are \( \$ 68,000 \) and its equity is \( \$ 48,000 \). On January 3 , Lumia purchases and installs solar panel assets costing \( \$ 18,000 \). For the panels, Lumia pays \( \$ 8,000 \) cash and promises to pay the remaining \( \$ 10,000 \) in six months. What is the total of Lumia's assets after the solar panel purchase? b. On March 1, \( A B X \) Company's assets are \( \$ 108,000 \) and its liabilities are \( \$ 38,000 \). On March \( 5, A B X \) is fined \( \$ 19,000 \) for failing emission standards. ABX immediately pays the fine in cash. After the fine is paid, what is the amount of equity for \( A B X \) ? c. On August 1, Lola Company's assets are \( \$ 38,000 \) and its liabilities are \( \$ 18,000 \). On August 4, Lola issues a sustainability report. On August 5, ownership invests \( \$ 7,000 \) cash and \( \$ 11,000 \) of equipment in Lola. After the investment, what is the amount of equity for Lola? Complete this question by entering your answers in the tabs below. On August 1, Lola Company's assets are \( \$ 38,000 \) and its liabilities are \( \$ 18,000 \). On August 4, Lola issues a sustainability report. On August 5, ownership invests \( \$ 7,000 \) cash and \( \$ 11,000 \) of equipment in Lola. After the investment, what is the amount of equity for Lola?