Ending liabilities are 67,600, beginning equity was $87,400, common stock issued during year totaled $31,400, expenses for the year were $22,400, dividends declared totaled $13,400, ending equity for the year is $182,000, and beginning assets for the year were $222,800. What was beginning liabilities for the year?

Answer rating: 100% (QA)

We can use the accounting equation to solve for the beginning li... View the full answer