Total assets=Total liabilities+Total equity
Total equity at beginning=(320,000-180,000)=$140,000
a.Ending assets=(320,000+15000)=$335,000
Ending liabilities=(180,000+40,000)=$220,000
Ending equity=(335,000-220,000)=$115,000
b.Ending assets=(320,000+60,000)=$380,000
Ending liabilities=(180,000-5000)=$175,000
Ending equity=(380,000-175,000)=$205,000
c.Ending liabilities=180,000+40,000)=$220,000
Ending equity=(140,000+35000)=$175,000
Hence ending assets=(220,000+175,000)=$395,000
Using the Basic Accounting Equation Floyd Company had beginning-of-the-year total assets of $320,000 and total liabilities...
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myckboard Le x | 1 Francial State × Fnancial Acco xren How to Course: ACCT × Financial Acco Χ ti-integration-BBLEARN/lapp/content/launchHandler?course ids 132178 1&content id _50741471 us Powered by B eCampus ePortfolios Community Content Collection ents > HW Assignment 1 Menu 5 Answer saved Marked out of 3.00 P Flag question Using the Basic Accounting Equation Henderson Company had beginning-of-the-year total assets of $300,000 and total liabilities of $180,000. a. If during the year total assets increased by $15,000 and total...
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