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66 oints eBook Answer the following questions. Hint Use the accounting equation. a. At the beginning of the year, Addison Company's assets are $180,000
66 oints eBook Answer the following questions. Hint Use the accounting equation. a. At the beginning of the year, Addison Company's assets are $180,000 and its equity is $135,000. During the year, assets increase $80,000 and liabilities increase $46,000. What is the equity at year-end? b. Office Store Company has assets equal to $188,000 and liabilities equal to $148,000 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 $41,000. During the year, assets increase by $60,000, and at year-end assets equal $190,000. Liabilities decrease $19,000 during the year. What are the beginning and ending amounts of equity? Hint Print Complete this question by entering your answers in the tabs below. References Required A Required B Required C At the beginning of the year, Quaker Company's liabilities equal $41,000. During the year, assets increase by $60,000, and at year-end assets equal $190,000. Liabilities decrease $19,000 during the year. What are the beginning and ending amounts of equity? Assets Liabilities Equity Beginning $ Change Ending $ 60,000 = 190,000 = 41,000+ (19,000) + Check
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