Subject-accounting i need the ones with the red x answeredb. Office Store Company has assets equal to $220,000 and liabilities equal to $192,000 at year-end. What is the equity for OfficeStore Company at year-end?c. At the beginning of the year, Quaker Company's liabilities equal $62,000. During the year, assets increase by $60,000, and atyear-end assets equal $190,000. Liabilities decrease $11,000 during the year. What are the beginning and ending amounts ofequity?Complete this question by entering your answers in the tabs below.Required A Required B Required CAt the beginning of the year, Quaker Company's liabilities equal $62,000. During the year, assets increase by $60,000, and atyear-end assets equal $190,000. Liabilities decrease $11,000 during the year. What are the beginning and ending amounts ofequity?AssetsBeginning S 130,000 -ChangeEnding60,000 B190,000 mSWAnswer is not complete.$+Liabilities62,000(11,000) +73,000+ $+SEquityS$< Required B68,00049,000117,000xRequired C >

ACCOUNTING EQUATIONAccounting Equation is a Financial Accounting Technique which represents the…

c. At the beginning of the year, Quaker Company's liabilities equal $62,000. During the year, assets increase by $60,000, and at year-end assets equal $190,000. Liabilities decrease $11,000 during the year. What are the beginning and ending amounts of equity?

c. At the beginning of the year, Quaker Company's liabilities equal $62,000. During the year, assets increase by $60,000, and at year-end assets equal $190,000. Liabilities decrease $11,000 during the year. What are the beginning and ending amounts of equity?

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter1: Accounting As A Form Of Communication

Section: Chapter Questions

Problem 1.5E: The Accounting Equation Using the accounting equation, answer each of the following independent...

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The Accounting Equation Ginger Enterprises began the year with total assets of $500,000 and total liabilities of $250,000. Using this information and the accounting equation, answer each of the following independent questions. What was the amount of Gingers owners equity at the beginning of the year? If Gingers total assets increased by $100,000 and its total liabilities increased by $77,000 during the year, what was the amount of Gingers owners equity at the end of the year? If Gingers total liabilities increased by $33,000 and its owners equity decreased by $58,000 during the year, what was the amount of its total assets at the end of the year? If Gingers total assets doubled to $1,000,000 and its owners equity remained the same during the year, what was the amount of its total liabilities at the end of the year?
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