Answer:
To solve for the missing values in the equation Assets = Liabilities + Owner's Equity, we can use the fact that the sum of the assets must equal the sum of the liabilities and owner's equity.
Given:
Assets = $25,000 + $10,000 = $35,000
Owner's Equity = $21,000 + $11,000 = $32,000
We can use these values to solve for the missing liabilities:
Liabilities = Assets - Owner's Equity
Liabilities = $35,000 - $32,000
Liabilities = $3,000
Therefore, the missing values in the equation are:
Assets = $25,000 + $10,000 = $35,000
Liabilities = $9,000 + $3,000 = $12,000
Owner's Equity = $21,000 + $11,000 = $32,000