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( b ) Total liabilities decreased by $ 8 9 , 0 0 0 during the year. The company incurred a loss of $ 5
b Total liabilities decreased by $ during the year. The company incurred a loss of $ R Oriole made an additional
investment of $ and made no withdrawals. What is the amount of total assets at the end of the year?
Total assets $
c Total assets increased by $ and total liabilities decreased by $ There were no additional owner's investments, and
Oriole withdrew $ What is the amount of profit or loss for the year?Oriole Company is owned by Rachel Oriole. The company had total assets of $ and total liabilities of $ at the
beginning of the year. Answer each of the following independent questions:
a During the year, total assets increased by $ and total liabilities decreased by $ What is the amount of owner's
equity at the end of the year?
Owner's equity $
b Total liabilities decreased by $ during the year. The company incurred a loss of $ R Oriole made an additional
investment of $ and made no withdrawals. What is the amount of total assets at the end of the year?
Total assets $
c Total assets increased by $ and total liabilities decreased by $ There were no additional owner's investments, and
Oriole withdrew $ What is the amount of profit or loss for the year?
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