books.google.com Shopping Cart Principles of Accounting - Belverd E. Needles, Mari... Chapter Assignments 27 O2 The Accounting Equation EAA. Use the accounting equation to answer each question that follows. Show any 1. Oshkosh Company's assets are $400,000, and its owner's equity is $155,000. What 2. Salvatore Company's liabilities and owner's equity are $72,000 and $79,500, 3. Radisson Company's liabilities equal one-third of the total assets, and owner's equity 4. At the beginning of the year, Sun Company's assets were $275,000, and its own- calculations you make is the amount of its liabilities respectively. What is the amount of the assets? is $160,000. What is the amount of its liabilities? er's equity was $150,000. During the year, assets increased $75,000 and liabilities decreased $22,500. What is the owner's equity at the end of the year? O2 Owner's Equity and the Accounting Equation ESA. Daichi Company's total assets and liabilities at the beginning and end of the year follow Assets $175,000 Liabilities Beginning of the year 68,750