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Answer the following questions. Hint: Use the accounting equation. At the beginning of the year, Addison Company's assets are $ 2 3 9 , 0

Answer the following questions. Hint: Use the accounting equation.
At the beginning of the year, Addison Company's assets are $239,000 and its equity is $179,250. During the year, assets increase $80,000 and liabilities increase $54,000. What is the equity at year-end?
Office Store Company has assets equal to $155,000 and liabilities equal to $126,000 at year-end. What is the equity for Office Store Company at year-end?
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 $13,000 during the year. What are the beginning and ending amounts of equity? Step A: At the beginning of the year, Addison Company's assets are $239,000 and its equity is $179,250. During the year, assets increase $80,000 and liabilities increase $54,000. What is the equity at year-end? Step B: Office Store Company has assets equal to $155,000 and liabilities equal to $126,000 at year-end. What is the equity for Office Store Company at year-end? Step 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 $13,000 during the year. What are the beginning and ending amounts of equity?

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