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

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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.
 Assets = Liabilities + Equity \begin{array} { | c | c | c | } \hline \text { Assets } = & \text { Liabilities } + & \text { Equity } \\\hline & & \\\hline\end{array}

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Definitions:

Archaea

A domain of single-celled microorganisms that are distinct from bacteria and eukaryotes, often found in extreme environments.

Mitochondria

Organelles found in the cells of nearly all eukaryotic organisms, responsible for producing energy through the process of oxidative phosphorylation.

Chloroplasts

Organelles found in plant and algal cells where photosynthesis takes place, converting light energy into chemical energy stored in glucose.

Linear Chromosomes

Chromosomes that are structured as a series of linear sequences of DNA, typical in eukaryotic cells.

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