Resubmitting help with basic accounting questions
At the beginning of the year, Sielert Company had total assets of
$811,020 and total liabilities of $386,080. Answer the following
(a) If total assets increased $169,710 during
the year and total liabilities decreased $86,670, what is the amount of
owner’s equity at the end of the year?
(b) During the year, total liabilities increased $121,390 and
owner’s equity decreased $62,230. What is the amount of total assets at
the end of the year?