=+and liabilities of $240,000. Using the accounting equation and considering each case independently, determine the following amounts:

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=+and liabilities of $240,000. Using the accounting equation and considering each case independently, determine the following amounts:

a. Donna Ahern, capital, as of December 31, 2009.

b. Donna Ahern, capital, as of December 31, 2010, assuming that assets increased by

$120,000 and liabilities increased by $72,000 during 2010.

c. Donna Ahern, capital, as of December 31, 2010, assuming that assets decreased by

$60,000 and liabilities increased by $21,600 during 2010.

d. Donna Ahern, capital, as of December 31, 2010, assuming that assets increased by

$100,000 and liabilities decreased by $38,400 during 2010.

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Accounting

ISBN: 978-1111001346

23rd Edition

Authors: Carl S. Warren

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