Exercise 1 10 (Algo) Using the accounting equation LO A1 Answer the following questions Hint Use the accounting equation At the beginning of the year, Addison Company's assets are $280,000 and its equity is $210,000 During the year, assets increase $80,000 and liabilities increase $54,000 What is the equity at year end Office Store Company has assets equal to $300,000 and liabilities equal to $262,000 at year end What is the equity for Office Store Company at year end At the beginning of the year, Quaker Company's liabilities equal $49,000 During the year, assets increase by $60,000, and at year end assets equal $190,000 Liabilities decrease $15,000 during the year What are the beginning and ending amounts of equity Complete this question by entering your answers in the tabs below Required A Required B Required C At the beginning of the year, Addison Company's assets are $280,000 and its equity is $210,000 During the year, assets increase $80,000 and liabilities increase $54,000 What is the equity at year end Assets Liabilities Equity Beginning $280,000 $210,000 Change 80,000 54,000 Ending

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Question: Exercise 1-10 (Algo) Using the accounting equation LO A1 Answer the following questions. Hint : Use the accounting equation. At the beginning of the year,

Exercise 1-10 (Algo) Using the accounting equation LO A1

Answer the following questions. Hint: Use the accounting equation.

At the beginning of the year, Addison Company's assets are $280,000 and its equity is $210,000. During the year, assets increase $80,000 and liabilities increase $54,000. What is the equity at year-end?
Office Store Company has assets equal to $300,000 and liabilities equal to $262,000 at year-end. What is the equity for Office Store Company at year-end?
At the beginning of the year, Quaker Company's liabilities equal $49,000. During the year, assets increase by $60,000, and at year-end assets equal $190,000. Liabilities decrease $15,000 during the year. What are the beginning and ending amounts of equity?
Complete this question by entering your answers in the tabs below.
Required A
Required B
Required C
At the beginning of the year, Addison Company's assets are $280,000 and its equity is $210,000. During the year, assets increase $80,000 and liabilities increase $54,000. What is the equity at year-end?

Assets = Liabilities + Equity

Beginning $280,000 = + $210,000

Change 80,000 = 54,000 +

Ending = +

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