Homework Answers
| Assets=Liabilities + Equity | |||
| Ans | |||
| Assets | Liabilities | Equity | |
| Beginning | $ 2,55,000 | $ 63,750 | $ 1,91,250 |
| Change | $ 80,000 | $ 56,000 | |
| Ending | $ 3,35,000 | $ 1,19,750 | $ 2,15,250 |
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Exercise 1-9 Part a a. At the beginning of the year, Addison Company's assets are $255,000...
Exercise 1-9 Part a a. At the beginning of the year, Addison Company's assets are $250,000...
Exercise 1-9 Part a a. At the beginning of the year, Addison Company's assets are $250,000 and its equity is $187,500. During the year assets increase $80,000 and liabilities increase $59,000. What is the equity at year-end? Assets Liabilities Equity Beginning250,000 Change Ending 63,000187,500 21,000 80,000 59,000+ 12 3 of 3 ENext>
Required information Exercise 1-9 Using the accounting equation LO A1 The following information applies to the...
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 a a. At the beginning of the year, Addison Company's assets are $255,000 and its equity is $191,250. During the year, assets increase $80,000 and liabilities increase $56,000. What is the equity at year-end? S Assets - 255,000 - 80,000 - Equity 191,250 Liabilities 1. 56,000 Beginning Change Ending...
At the beginning of the year, Addison Company's assets are $188,000 and its equity is $141,000....
At the beginning of the year, Addison Company's assets are $188,000 and its equity is $141,000. During the year, assets increase $80,000 and liabilities increase $47,000. What is the equity at year-end? Assets = Liabilities + Equity Beginning $188,000 = + $141,000 Change 80,000 = 47,000 + Ending = +
a. At the beginning of the year, Addison Company's assets are $288,000 and its equity is...
a. At the beginning of the year, Addison Company's assets are $288,000 and its equity is $216,000. During the year, assets increase $80,000 and liabilities increase $48,000. What is the equity at year-end? Assets Liabilities + $ $ $ Beginning Change Ending 288,000 = 80,000 = 72,000 + 48,000 + Equity 216,000 32,000: + b. Office Store Co. has assets equal to $111,000 and liabilities equal to $85,000 at year-end. What is the equity for Office Store Co. at year-end?...
At the beginning of the year, Addison Company's assets are $218,000 and its equity is $163,500....
At the beginning of the year, Addison Company's assets are $218,000 and its equity is $163,500. During the year, assets increase $80,000 and liabilities increase $57,000. What is the equity at the end of the year?
Exercise 1-9 Part G. At the beginning of the year, Quaker Company's liabilities equal $58,000. During...
Exercise 1-9 Part G. At the beginning of the year, Quaker Company's liabilities equal $58,000. During the year, assets increase by $60,000, and at year. end assets equal $190,000. Liabilities decrease $6,000 during the year. What are the beginning and ending amounts of equity? $ Beginning Change Ending Answer is complete but not entirely correct. Assets - Liabilities - Equity 130,000 - $ 58,000 + $ 72.000 60,000 = 16,000) + 54,000® 190,000 = $ 64,000 S 126,000 $
of 3 Required information Exercise 1-9 Using the accounting equation LO A1 [The following information applies...
of 3 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 a erences a. At the beginning of the year, Addison Company's assets are $203,000 and its equity is $152.250. During the year, assets increase $80,000 and liabilities increase $42,000. What is the equity at year-end? Equity $ S Liabilities + + 42.000 + Beginning Change Ending 152.250...
c. At the beginning of the year, Quaker Company's liabilities equal $65,000. During the year, assets...
c. At the beginning of the year, Quaker Company's liabilities equal $65,000. During the year, assets increase by $60,000, and at year-end assets equal $190,000. Liabilities decrease $10,000 during the year. What are the beginning and ending amounts of equity? Equity Beginning Change Ending Assets = 60,000 = 190,000 = Liabilities - $ 65,000 + (10,000) + $
c. At the beginning of the year, Quaker Company's liabilities equal $48,000. During the year, assets...
c. At the beginning of the year, Quaker Company's liabilities equal $48,000. During the year, assets increase by $60,000, and at year- end assets equal $190,000. Liabilities decrease $5,000 during the year. What are the beginning and ending amounts of equity? 3 Answer is not complete Assets Liabilities Equity Beginning s 130,000 48,000 60,000 Change 60,000F (5,000)+ Ending $ 190,000 65,000 1 125,000
Part 1 of 3 [The following information applies to the questions displayed below) Answer the following...
Part 1 of 3 [The following information applies to the questions displayed below) Answer the following questions. Hint: Use the accounting equation. 1.66 a. At the beginning of the year, Addison Company's assets are $296,000 and its equity is $222,000. During the year, assets increase $80,000 and liabilities increase $42,000. What is the equity at year-end?
Exercise 1-9 Part a a. At the beginning of the year, Addison Company's assets are $250,000 and its equity is $187,500. During the year assets increase $80,000 and liabilities increase $59,000. What is the equity at year-end? Assets Liabilities Equity Beginning250,000 Change Ending 63,000187,500 21,000 80,000 59,000+ 12 3 of 3 ENext>
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 a a. At the beginning of the year, Addison Company's assets are $255,000 and its equity is $191,250. During the year, assets increase $80,000 and liabilities increase $56,000. What is the equity at year-end? S Assets - 255,000 - 80,000 - Equity 191,250 Liabilities 1. 56,000 Beginning Change Ending...
a. At the beginning of the year, Addison Company's assets are $288,000 and its equity is $216,000. During the year, assets increase $80,000 and liabilities increase $48,000. What is the equity at year-end? Assets Liabilities + $ $ $ Beginning Change Ending 288,000 = 80,000 = 72,000 + 48,000 + Equity 216,000 32,000: + b. Office Store Co. has assets equal to $111,000 and liabilities equal to $85,000 at year-end. What is the equity for Office Store Co. at year-end?...
Exercise 1-9 Part G. At the beginning of the year, Quaker Company's liabilities equal $58,000. During the year, assets increase by $60,000, and at year. end assets equal $190,000. Liabilities decrease $6,000 during the year. What are the beginning and ending amounts of equity? $ Beginning Change Ending Answer is complete but not entirely correct. Assets - Liabilities - Equity 130,000 - $ 58,000 + $ 72.000 60,000 = 16,000) + 54,000® 190,000 = $ 64,000 S 126,000 $
of 3 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 a erences a. At the beginning of the year, Addison Company's assets are $203,000 and its equity is $152.250. During the year, assets increase $80,000 and liabilities increase $42,000. What is the equity at year-end? Equity $ S Liabilities + + 42.000 + Beginning Change Ending 152.250...
c. At the beginning of the year, Quaker Company's liabilities equal $65,000. During the year, assets increase by $60,000, and at year-end assets equal $190,000. Liabilities decrease $10,000 during the year. What are the beginning and ending amounts of equity? Equity Beginning Change Ending Assets = 60,000 = 190,000 = Liabilities - $ 65,000 + (10,000) + $
c. At the beginning of the year, Quaker Company's liabilities equal $48,000. During the year, assets increase by $60,000, and at year- end assets equal $190,000. Liabilities decrease $5,000 during the year. What are the beginning and ending amounts of equity? 3 Answer is not complete Assets Liabilities Equity Beginning s 130,000 48,000 60,000 Change 60,000F (5,000)+ Ending $ 190,000 65,000 1 125,000
Part 1 of 3 [The following information applies to the questions displayed below) Answer the following questions. Hint: Use the accounting equation. 1.66 a. At the beginning of the year, Addison Company's assets are $296,000 and its equity is $222,000. During the year, assets increase $80,000 and liabilities increase $42,000. What is the equity at year-end?
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