Using the Basic Accounting Equation Henderson Company had beginning-of-the-year total assets of $450,000 and total liabilities of $270,000. a. If during the year total assets increased by $22,500 and total liabilities increased by $60,000, what is the end-of-year total stockholders’ equity? $Answer     b. If during the year total assets increased by $90,000 and total liabilities decreased by $7,500, what is the end-of-year total stockholders’ equity? $Answer     c. If during the year total liabilities increased by $60,000 and total stockholders’ equity increased by $52,500, what are the end-of-year total assets?

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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is