$1$ Formula: Add, Subtract; Cell Referencing

$3$ Using Excel to Determine Accounting Equation

$4$ Amounts

Student Work Area

PROBLEM

Zahara Company is owned by Freda Zahara. Answer

each of the following independent questions assuming template. Use mathematical formulas with cell references to the Problem and work area as indicated.

the following a mounts at the beginning of the year.

Beginning $of$ year, total assets $$850,000$

Beginning $of$ year, total liabilities $550,000$

a$.$ During the year, total assets increased and total liabilities decreased in the following amounts.

Increase in assets

Decrease in liabilities

$$130,000$

$80,000$

What is the amount of owners' equity at the end of the year?

Owner's equity, beginning of year

Owner's equity, end of year