Question
At the beginning of the year, Sielert Company had total assets of $809,000 and total liabilities of $374,000. Answer the following questions. (a) If total
At the beginning of the year, Sielert Company had total assets of $809,000 and total liabilities of $374,000. Answer the following questions. (a) If total assets increased $145,500 during the year and total liabilities decreased $87,230, what is the amount of owners equity at the end of the year? Owners Equity________
(b) During the year, total liabilities increased $138,980 and owners equity decreased $78,270. What is the amount of total assets at the end of the year? Total Assets____________
(c) If total assets decreased $75,230 and owners equity increased $86,010 during the year, what is the amount of total liabilities at the end of the year? Total Liabilities________
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