Using the accounting equation, answer each of the following questions. 1. At the beginning of the...

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Using the accounting equation, answer each of the following questions. 1. At the beginning of the year, Jinny Company had total assets of 90,000 and total liabilities of 50,000. If total assets increased 15,000 during the year and total liabilities decreased 22,000, what is the amount of owner's equity at the end of the year? 2. The total assets of Company are 190,000 and its owner's equity is 80,000. What is the amount of its total liabilities? 3. At the beginning of the year, Fernandez Company had total assets of 90,000 and total liabilities of 50,000. If total assets decreased 10,000 and the owner's equity increased 20,000 during the year, what is the amount of total liabilities at the end of the year? 4. The total assets of Henry Co. are 94,000 and its owner's equity is 60,000. What is the amount of its total assets? Using the accounting equation, answer each of the following questions. 1. At the beginning of the year, Jinny Company had total assets of 90,000 and total liabilities of 50,000. If total assets increased 15,000 during the year and total liabilities decreased 22,000, what is the amount of owner's equity at the end of the year? 2. The total assets of Company are 190,000 and its owner's equity is 80,000. What is the amount of its total liabilities? 3. At the beginning of the year, Fernandez Company had total assets of 90,000 and total liabilities of 50,000. If total assets decreased 10,000 and the owner's equity increased 20,000 during the year, what is the amount of total liabilities at the end of the year? 4. The total assets of Henry Co. are 94,000 and its owner's equity is 60,000. What is the amount of its total assets?

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