Given that the asset is has debit balance of 200,000. How much is the credit balance of liability and equity?

College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter12: Financial Statements, Closing Entries, And Reversing Entries
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Given that the asset is has debit balance of 200,000. How much is the credit balance of liability and equity?

 

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