Not affecting owner's equity Owner's drawings Not affecting owner's equity Expense Revenue Owner's investment View Policies Current Attempt in Progress Given the accounting equation, answer each of the following questions. (a) The liabilities of Sheridan Company are $116,000 and the owner's equity is $230,000. What is the amount of Sheridan Company's total assets? Total assets $ 346,000 (b) The total assets of Sheridan Company are $181,000 and its owner's equity is $84,000. What is the amount of its total liabilities? Total liabilities $ 97,000 (c) The total assets of Sheridan Company are $756,000 and its liabilities are equal to one-half of its total assets. What is the amount of Sheridan Company's owner's equity? Owner's equity $ Question 5 of 6 - / 20 III View Policies Current Attempt in Progress The following are three transactions. Identify each transaction as affecting owner's investment, owner's drawings, revenue, expense, or not affecting owner's equity. (a) Received cash for services performed Revenue (b) Paid cash to purchase equipment Not affecting owner's equity (c) Paid employee salaries Expense e Textbook and Media Attempts: 0 of 3 used Submit Answer Save for Later Last saved 30 seconds ago. Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes