Answer Happy

Required A Required B Required C At the beginning of the year, Addison Company's assets are $269,000 and its equity is $201,750. During the year, assets increase $80,000 and liabilities increase $51,000. What is the equity at year-end? Beginning Change Ending Assets = $ 269,000 = 80,000 = || Liabilities + + 51,000 + + $ Equity 201,750
Required A Office Store Company has assets equal to $232,000 and liabilities equal to $206,000 at year-end. What is the equity for Office Store Company at year-end? $ Required B Required C Assets 232,000 = Liabilities + $ 206,000 + Equity < Required A Required C >
At the beginning of the year, Quaker Company's liabilities equal $47,000. During the year, assets increase by $60,000, and at year-end assets equal $190,000. Liabilities decrease $17,000 during the year. What are the beginning and ending amounts of equity? Beginning Change Ending Assets = 60,000 = $ 190,000 = Liabilities $ 47,000 + (17,000) + + Equity Required B Required C