What is the amount of total liabilities at the end of year

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Question - At the beginning of the year, Sielert Company had total assets of $809,000 and total liabilities of $374,000. Answer the following questions.

(a) If total assets increased $145,500 during the year and total liabilities decreased $87,230, what is the amount of owner's equity at the end of the year?

(b) During the year, total liabilities increased $138,980 and owner's equity decreased $78,270. What is the amount of total assets at the end of the year?

(c) If total assets decreased $75,230 and owner's equity increased $86,010 during the year, what is the amount of total liabilities at the end of the year?

Reference no: EM132072567

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