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Gilles Company had total assets of $804,000 and total liabilities of $334,000. If total assets increased $161,000 during the year and total liabilities decreased $84,000,
Gilles Company had total assets of $804,000 and total liabilities of $334,000.
If total assets increased $161,000 during the year and total liabilities decreased $84,000, what is the amount of owners equity at the end of the year?
During the year, total liabilities increased $130,000 and owners equity decreased $64,000. What is the amount of total assets at the end of the year? If total assets decreased $95,000 and owners equity increased $80,000 during the year, what is the amount of total liabilities at the end of the year?
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