Question: ! Required information Exercise 1-9 Using the accounting equation LO A1 {The following information applies to the questions displayed below) Answer the following questions. Hint:
! Required information Exercise 1-9 Using the accounting equation LO A1 {The following information applies to the questions displayed below) Answer the following questions. Hint: Use the accounting equation. Exercise 1-9 Part a a. At the beginning of the year, Addison Company's assets are $300,000 and its equity is $100,000. D $80,000 and liabilities increase $50,000. What is the equity at year-end? Assets Liabilities $ Equity $ 100,000 Beginning Change Ending 300.000 80,000 = 50,000 ! Required information Exercise 1-9 Using the accounting equation LO A1 {The following information applies to the questions displayed below) Answer the following questions. Hint: Use the accounting equation. Exercise 1-9 Part a a. At the beginning of the year, Addison Company's assets are $300,000 and its equity is $100,000. D $80,000 and liabilities increase $50,000. What is the equity at year-end? Assets Liabilities $ Equity $ 100,000 Beginning Change Ending 300.000 80,000 = 50,000
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