If the Liabilities of a Business Increased $86,000 During a Period

question 31

Essay

If the liabilities of a business increased $86,000 during a period of time and equity in the business decreased $23,000 during the same period, enter the appropriate amounts for this activity in the accounting equation format shown below.
$$\begin{array} { | c | c | c | } \hline \text { Assets } = & \text { Liabilities } + & \text { Equity } \\\hline & & \\\hline\end{array}$$

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Definitions:

Somatosensory Cortex

A region of the brain responsible for processing sensory information from various parts of the body, including touch, temperature, and pain.

Temperature

A measure of the warmth or coldness of an object or substance with reference to a standard value.

Touch

The sensation caused by pressure receptors in the skin that allows humans and animals to perceive and respond to physical contact.

Pain

An uncomfortable sensation and emotional experience linked to actual or potential tissue damage, varying greatly in intensity, quality, and duration.