Part 1.

Determine the missing amount from each of the separate situations given below.

Assets = Liabilities + Equity

______ = $ 143,000 + $ 47,000

$ 140,000 = $ 54,000 + ______

$ 211,000 = _______+ $ 62,000

Part 2

At the beginning of the year, Addison Company's assets are $153,000 and its equity is $114,750. During the year, assets increase $80,000 and liabilities increase $59,000. What is the equity at year-end? (Hint: Use the accounting equation.)

Assets = Liabilities + Equity

Beginning $153,000 = ________ + $ 114,750

Change 80,000 = 59,000 + ________

Ending ________ = ________ +_______

Part 3

b. Office Store Co. has assets equal to $166,000 and liabilities equal to $136,000 at year-end. What is the equity for Office Store Co. at year-end?

Assets = Liabilities + Equity $ 166,000 = $ 136,000 + _______