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The accounting equation for Mickey Enterprises is as follows:
Assets=Liabilities+Stockholders' Equity
$360,000=
$180,000+
$180,000
If the company now purchases a truck on account for $30,000, the accounting equation will change to:
Assets Liabilities Stockholders' Equity
a. $390,000 = $180,000 + $210,000
b. $390,000 = $198,000 + $192,000
c. $390,000 = $210,000 + $180,000
d. $360,000 = $180,000 + $180,000



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