Chrome File Edit View History Bookmarks Profiles Tab Window Help Q 8 Wed Oct 5 12:24 PM Login to Prime Apartments Res X Cost Principle - YouTube X B User x G how to take a screenshot on m. X Question 7 - Ch. 1 Assignment X + -> C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fonline.pmi.edu%252Fwebapps%252Fblackboard%25... DO : Ch. 1 Assignment i Saved Help Save & Exit Submit Check my work 7 Answer the following questions. Hint. Use the accounting equation. a. At the beginning of the year, Addison Company's assets are $234,000 and its equity is $175,500. During the year, assets increase $80,000 and liabilities increase $57,000. What is the equity at year-end? b. Office Store Company has assets equal to $240,000 and liabilities equal to $206,000 at year-end. What is the equity for Office 1.38 Store Company at year-end? points c. At the beginning of the year, Quaker Company's liabilities equal $40,000. During the year, assets increase by $60,000, and at year- end assets equal $190,000. Liabilities decrease $8,000 during the year. What are the beginning and ending amounts of equity? eBook Complete this question by entering your answers in the tabs below. Hint Print References Required A Required B Required C At the beginning of the year, Addison Company's assets are $234,000 and its equity is $175,500. During the year, assets increase $80,000 and liabilities increase $57,000. What is the equity at year-end? Assets = Liabilities + Equity Beginning $ 234,000 + $ 175,500 Change 30,000 57,000 + Ending Mc Graw Hill 6,828 A