Accounting department
$53,000 n the accounting equation, answer each of the following questi ilities of Weber Company are $120,000 and the owner's equit the amount of Weber Company's total assets? al assets of Weber Company are $190,000 and its owner's equ the amount of its total liabilities? l assets of Weber Company are $800,000 and its liabilities are ed tal assets. What is the amount of Weber Company's owner's equ e beginning of the year, Gilles Company had total assets of $80 $300,000. Answer the following questions. assets increased $150,000 during the year and total liabili what is the amount of owner's equity at the end of the year? the year, total liabilities increased $100,000 and owner's eq What is the amount of total assets at the end of the year? assets decreased $80,000 and owner's equity increased $120, at is the amount of total liabilities at the end of the year? the expanded accounting equation to answer each of the follow ilities of Kafka Company are $90,000. Owner's capital is $150 000; revenues, $450,000; and expenses, $320,000. What is the an y's total assets? l assets of Rivera Company are $57,000. Owner's capital is $25 100; revenues, $52,000; and expenses, $35,000. What is the amou otal liabilities? l assets of Alcorn Co. are $600,000 and its liabilities are equal t assets. What is the amount of Alcorn Co.'s owner's equity? cate whether each of the following items is an asset (A), liability ity (OE). Accounts receivable (d) Supplies Salaries and wages payable (e) Owner's capital Equipment (f) Notes payable ented below are three business transactions. On a sheet of paper (c) with columns for assets, liabilities, and owner's equity. For ether the transactions increased (+), decreased (-), or had no lities, and owner's equity. ed supplies on account. d cash for performing a service. penses in cash. ow the same format as in BE1-6. Determine the effect on assets, ity of the following three transactions. I cash in the business. wal of cash by owner. d cash from a customer who had previously been billed ed