01 SET-A10 Exercise 1-9 Using the accounting equation LO A1 To lo ejen Answer the following questions. (Hint Use the accounting equation) a. At the beginning of the year, Addison Company's assets are $300,000 and its equity is $100.000. During the year, assets increase $80,000 and liabilities increase $50,000. What is the equity at year-end? b. Once Store has assets equal to $123,000 and liabilities equal to $47.000 at year-end. What is the equity for Office Store at year- end? c. At the beginning of the year, Quaker Company's abilities equal $70,000. 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? Complete this question by entering your answers in the tabs below. Required A Required B Required C At the beginning of the year, Addison Company's assets are $300,000 and its equity is $100,000. During the year, assets increase $80,000 and liabilities increase $50,000. What is the equity at year-end? Liabilities - Assets - 300.000 - 30 000- Equity 100 000 $ Beginning Change Ending $ 50 000 Required B > CHOISETA Check my work mode: This shows what is correct or incorrect for the work you have complo Exercise 1-9 Using the accounting equation LO A1 Answer the following questions. (Hint Use the accounting equation) . At the beginning of the year, Addison Company's assets are $300,000 and its equity is $100,000. During the year, assets increase $80,000 and abilities increase $50,000. What is the equity at year-end? b. Omce Store has assets equal to $123.000 and liabilities equal to $47000 at year end. What is the equity for Office Store at year- end? c. At the beginning of the year, Quaker Company's abilities equal $70,000. 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? Answer is not complete. Complete this question your answers in the tabs below. Required Required A Required B Refrired At the beginning of the year, Quaker Company's abilities equal $70,000. During the year, assets increase by $60,000, and at year-end assets equal $190,000. Labilities decrease $5,000 during the year. What are the beginning and ending amounts of equity? Assets - - Equity Llabilities 70,000 Beginning change Ending 15.000) 50.000 190 000 (Required B