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LMN Enterprises had the following information on June 30, 2023: total assets of $1,500,000, liabilities of $600,000, and owner's equity of $900,000. The company acquired
ยท LMN Enterprises had the following information on June 30, 2023: total assets of $1,500,000, liabilities of $600,000, and owner's equity of $900,000. The company acquired a competitor's business for $300,000, issued bonds worth $200,000 to raise funds, and paid off a portion of its accounts payable amounting to $50,000. Calculate the new total assets, liabilities, and owner's equity after these transactions. Also, determine the percentage change in owner's equity from the beginning to the end of the year.
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