At the beginning of the year, Addison company's assets are $299,000 and it's equity is $224,250. During the year, assets increase $80,000 and liabilities increase $47,000. What is the equity at year-end?             Assets = Liabilities + Equity Beginning $299,000 =   + $224,250 Change 80,000 = 47,000 +   Ending   =   +

Principles of Accounting Volume 1
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ISBN:9781947172685
Author:OpenStax
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Chapter14: Corporation Accounting
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Problem 18EB: Tart Restaurant Holdings, Incorporated began the year with a retained earnings balance of $950,000....
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At the beginning of the year, Addison company's assets are $299,000 and it's equity is $224,250. During the year, assets increase $80,000 and liabilities increase $47,000. What is the equity at year-end?

 
 
 
 
 
  Assets = Liabilities + Equity
Beginning $299,000 =   + $224,250
Change 80,000 = 47,000 +  
Ending   =   +  
 
 
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