Sunlight, Inc. had the following assets and liabilities as of September 30, 2016   Assets $60,600   Liabilities $27,500 If assets increased by $4,350 and equity increased by $2,900 during October, what is the increase or decrease in liabilities of Sunlight as of October 31, 2016

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
Chapter13: Financial Statement Analysis
Section: Chapter Questions
Problem 13.1E
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Sunlight, Inc. had the following assets and liabilities as of September 30, 2016
  Assets $60,600
  Liabilities $27,500
If assets increased by $4,350 and equity increased by $2,900 during October, what is the increase or decrease in liabilities of Sunlight as of October 31, 2016

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