[sherrylburris]

The owner made no investments or withdrawals during the year. Beginning of the year assets are $175,000 and liabilities are $68,750. End of year assets are $275,000 and liabilities are $162,500. The total assets and liabilities at the beginning and end of year are?

[ROLCAM]

beginning:-

assets *****= 175,000
liabilities***= 68,750
---------------------------
net assets **= 106,250
==================

end of year
--------------

assets *****= 275,000
liabilities***= 162,500
---------------------------
net assets **= 112,500
==================

end net assets = 112,500
begin net assets=106,250
------------------------------
increase in net assets= 6,250
======================

[morgaine300]

Will you please just once let a student actually THINK about the problem. Using the accounting equation it just isn't that difficult to figure out the beginning & ending capital balance, and the student should be able to do their own work if given a hint how to do it. (This is why people have no brains - no one makes them use them.)