COMPLETE EXERCISES IN A PAPER.

BEL] (LO 3) Presented below is the basic accounting equation. Determine the missing amounts. Assets = Liabilities + Owner's Equity a. $90,000 $50,000 ? b. ? $44,000 $70,000 c. $94,000 7 $53,000 BE1.2 (LO 3) Given the accounting equation, answer each of the following questions. a. The liabilities of Berber Company are $120,000 and the owner's equity is $230,000. What is the amount of Berber Company's total assets? b. The total assets of Berber Company are $190,000 and its owner's equity is $89,000. What is the amount of its total liabilities? c. The total assets of Berber Company are $900,000 and its liabilities are equal to one-half of its total assets. What is the amount of Berber Company's owner's equity? BE1.3 (L0 3) At the beginning of the year, Gilles Company had total assets of $800,000 and total liabil- ities of $300,000. Answer the following questions. a. If total assets increased $150,000 during the year and total liabilities decreased $60,000, what is the amount of owner's equity at the end of the year? b. During the year, total liabilities increased $100,000 and owner's equity decreased $70,000. What is the amount of total assets at the end of the year? c. If total assets decreased $80,000 and owner's equity increased $120,000 during the year, what is the amount of total liabilities at the end of the year? Use basic accounting equation. Use basic accounting equation. Use basic accounting equation