partial credit, S1-6 (similar to)

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AndersonAnderson

Handyman Services has total assets for the year of

$13,500 and total liabilities of $9,050.

Requirements

1.

Use the accounting equation to solve for equity.

2.

If next year assets increased by

$3,700 and equity decreased by $2,580,

what would be the amount of total liabilities for

AndersonAnderson

Handyman Services?

Requirement 1. Use the accounting equation to solve for equity.

Begin by solving for the accounting equation. Then use the formula to solve for equity.

Save Accounting Table...+Copy to Clipboard...+Assets = Liabilities + Equity

Save Accounting Table...+Copy to Clipboard...+The company has equity of $

4,450

.

Requirement 2. If next year assets increased by

$3,700 and equity decreased by $2,580,

what would be the amount of total liabilities for

AndersonAnderson

Handyman Services?

Save Accounting Table...+Copy to Clipboard...+The company has liabilities of $

15,330

.

I came up with $10,170.00. please explain how the answer id $15,330.00