[Fruitkwon]

At the beginning of the year, Hernandez Company had total assets of $810,778 and total liabilities of $501,596.

(a) If total assets increased $151,080 during the year and total liabilities decreased $75,498, what is the amount of owner's equity at the end of the year?


(b) During the year, total liabilities increased $100,440 and owner's equity decreased $67,558 What is the amount of total assets at the end of the year?

(c) If total assets decreased $78,813 and owner's equity increased $120,427 during the year, what is the amount of total liabilities at the end of the year?

[Curlyben]

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[pready]

Assets = Liabilities + Owners Equity

So all you have to do is add or subtract the amounts you are given from Assets, Liabilities and or Owners Equity, then solve for Assets, Liabilities, or Owners equity as required.