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Business, 06.07.2020 20:01 starfox5454

John Joos is the owner and operator of Personality Shine LLC, a motivational consulting business. At the end of its accounting period, December 31, 2013, Personality Shine has assets of $775,000 and liabilities of $186,000. Using the accounting equation, determine the following amounts: a. Owner's equity as of December 31, 2013. $ b. Owner's equity as of December 31, 2014, assuming that assets decreased by $147,000 and liabilities decreased by $45,000 during 2014. $

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