Question

Jack stanley graduated from college and obtained a full-time job in accounting. at the end of his first year of employment, his assets totaled $9,000. his liabilities totaled $3,000. his ____ was $6,000.

Answer 1

Jack Stanly graduated from college and obtained a full-time job in accounting. At the end of his year of employment, his assets totaled $ 9000 and his liabilities totaled $ 3,000. His "EQUITY" was $6, 000.

The solution and formula is shown below:
Equity = Total Assets - Total Liabilities
E = $9000 - $3000
E= $3000