Using the accounting equation

Assets = Liabilities + Equity

1. At the beginning of the year, Addison Company's assets are $300,000 and its

equity is $100,000. During the year, assets increase $80,000 and liabilities

increase $50,000. What is the equity at year-end?

1. Office Store Co. has assets equal to $123,000 and liabilities equal to $47,000 at

year-end. What is the equity for Office Store Co. at year end?

1. At the beginning of the year, Quaker Company's liabilities equaled $70,000.

During the year, assets increase by $60,000, and at year-end assets equal

$190,000. Liabilities decrease $5,000 during the year. What are the beginning

and ending amounts of equity?