2 QS 1-8 Applying the accounting equation LO A1
1. Use the accounting equation to compute the missing financial statement amounts.
oints
Company
Assets
Liabilities
+
eBook
1
$
84,000 =
+
$
Equity
44,500
79,000
2.
=
$
+
$
Hint
29,500
29,000
3
$
103,000 =
$
+
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References
At the beginning of the year Addison companies assets are $257,000 and it’s equity is a $192,750 during the year assets increase 80,000 and liabilities increase 52,000 what is the equity at year end