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3 Answer the following questions. Hint. Use the accounting equation. 10 points ellock a. At the beginning of the year, Addison Company's assets are
3 Answer the following questions. Hint. Use the accounting equation. 10 points ellock a. At the beginning of the year, Addison Company's assets are $166,000 and its equity is $124,500. During the year, assets increase $80,000 and liabilities increase $42,000. What is the equity at year-end? b. Office Store Company has assets equal to $133,000 and liabilities equal to $97,000 at year-end. What is the equity for Office Store Company at year-end? c. At the beginning of the year, Quaker Company's liabilities equal $45,000. During the year, assets increase by $60,000, and at year- end assets equal $190,000. Liabilities decrease $20,000 during the year. What are the beginning and ending amounts of equity? Complete this question by entering your answers in the tabs below. Hint Required A Required B Required C Print At the beginning of the year, Addison Company's assets are $166,000 and its equity is $124,500. During the year, assets Increase $80,000 and liabilities increase $42,000. What is the equity at year-end? References Assets Liabilities Equity Beginning Change $ 166,000- 80,000 + S 124,500 42,000+ Ending Becutiva A Required B > Check
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