I need some help on accounting homework. The only formula I have is Assets = Liabilities + Stockholders equity?

Posted on 2014-04-23 07:27:00 in Accounting by COLTON

At the beginning of the year, a company had total assets of $817,300 and total liabilities of $525,700. (Treat each item independently)



Question 1: During the year, total liabilities increased $109,600 and stockholders equity decreased $69,100. What is the amount of total assets at the end of the year?



Answer?



Question 2: if the total assets decreased $85,600 and stockholders equity increased $118,200 during the year, what is the amount of total liabilities at the end of the year?



Answer?

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