Question - At the beginning of the year, Sielert Company had total assets of $792,740 and total liabilities of $399,900. Answer the following questions.
If total assets increased $175,640 during the year and total liabilities decreased $86,570, what is the amount of owner's equity at the end of the year?
During the year, total liabilities increased $129,450 and owner's equity decreased $98,540. What is the amount of total assets at the end of the year?
If total assets decreased $69,750 and owner's equity increased $91,860 during the year, what is the amount of total liabilities at the end of the year?