Please help to solve accounting problem:
Beginning Equity Balance:__________________
Assets during year: 80,000
Liability beginning of year: 60,000
Assets at end of year: 180,000
Liability during year: 10,000
Ending Equity Balance: 130,000
O.E./ O.E./
Assets =Liabilities Capital WithDrawals Revenue Expenses
80,000
60,000
10,000
My guess below:
-------------------------------------------------------------------------------------------------------
180,000 50,000 130,000
100,000 is beginning balance for Assets