Question

dow Help 92% 빠 Tue 11:00 AM Ch 01 LS Help Save &Exit Submit Check my work 0 Required information Exercise 1-9 Using the accounting equation LO A1 The following information applies to the questions displayed below. Answer the following questions. (Hint: Use the accounting equation) Exercise 1-9 Part c sets increase by $60.000 assets equal $190,000. Liabilities decrease $10,000 during the yeat What are the beginning and ending e. At the beginning of the year, Quaker Company's liabilities equal $73,000. During the year, as amounts of equity? $ 73,000 (10,0000 Change $ 190,.000 C Prev 3 ot3 Next od 20

Answer 1

Assets	Amount
Closing balance	190,000
Change during the year	(60,000)
Beginning balance	130,000
Liabilities	Amount
Beginning balance	73,000
Change during the year	(10,000)
Closing balance	63,000
Equity
	Beginning	Closing
Assets	130,000	190,000
Liabilities	(73,000)	(63,000)
Equity	57,000	127,000