Homework Answers
Change in equity = Increase by $450
Working
| Assets | = | Liabilities | + | Equity | |
| Current year balance | $ 8,400.00 | = | $ 3,800.00 | + | $ 4,600.00 |
| Change | $ 300.00 | = | $ (150.00) | + | $ 450.00 |
| Next year balance | $ 8,700.00 | = | $ 3,650.00 | + | $ 5,050.00 |
If asset increase by $300 and there is decrease in liability of $150 then it means in order to match accounting equation the equity would be increased by $450
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