1-4 Transactions Affecting Changes in Accounting Values At the beginning of the year, Sarangani Enterprises had total assets of P950,000 and total Habilities of P500,000. Consider each case separately, Answer the following questions: Case 1 If total assets increased by P120,000 during the year and total liabilities decreased by P75,000, what is the amount of owner's equity at the end of the year? Chapter ve During the year, total liabilities increased by P20,000 and owner's equity decreased by if total assets decreased by P60,000 and owner's equity increased by P80,000 during If total assets increased to P1,000,000 during the year and total liabilities decreased to Case 2 P50,000, what is the amount of total assets at the end of the year? Case 3 the year, what is the amount of total liabilities at the end of the year? Case 4 P400,000, what is the amount of owner's equity at the end of the year? Case 5 During the year, total liabilities increased to P650,000 and owner's equity increased to P475,000, what is the amount of total assets at the end of the year? Case 6 if total assets decreased by P50,000 and owner's equity remained the same, how much is total liabilities at the end of the year? Case 7 If total assets increased by 30% which corresponds to decrease in total liabilities by 20%, what is the amount of owner's equity at the end of the year? Case 8 During the year, total liabilities increased by 40%, and owner's equity decreased by 30%, what is the amount of total assets at the end of the year? Case 9 Total assets increased by 30% and owner's equity increased by the same percent, what is the amount of Total Liabilities at the end of the year? Case 10 If assets increased by P60,000 and liabilities decreased by P40,000, how much is owner's equity balance before these changes took place