How do I find out 2016 missing liabilities information with only the assets provided? Also, I have 2017 assets, liability and equity.?

Also provided are 2017 owner investments, ne income (loss) and owner cash withdrawals. Dec 2016 assets: $103,740 liabilities: ? Dec 2017 Assets: $118.680 Liabilities: $93,757 Equity: $24,923 During 2017 Owner investments: 6, 500 Net Income (loss): 8,675 Owner Cash Withdrawals: 11,000

Answers

michael

Beginning equity = 24923-6500-8675+11000 = 20748 Accounting equation assets = liabilities +equity For 2016 103740 = liabilities +20748 liabilities = 82992

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How do I find out 2016 missing liabilities information with only the assets provided? Also, I have 2017 assets, liability and equity.?

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