At the beginning of the year,Hernandez company had total asstes of $800,000 and total liabilities of $500,000.
If total assets increased $150,000 during the year and total liabilities decreased $80,000, what is the amount of owner's equity at the end of the year?

At the beginning of the year,Hernandez company had total asstes of $800,000 and total liabilities of $500,000.
If total assets increased $150,000 during the year and total liabilities decreased $80,000, what is the amount of owner's equity at the end of the year.

Take your $800,000 plus $150,000 equals net assets. Take $500,000 minus $80,000 equals net liabilities.

Net assets minus net liabilities equals net Owners Equity.