Solved: On july 1 the assets of erie enterprises were 335000 if, Accounting Basics

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On july 1 the assets of erie enterprises were 335000 if

Question - On July 1, the assets of Erie Enterprises were $335,000 and liabilities were $106,000. During the quarter, net income was $15,000 and the owner withdrew $80,000 and made no investments. If liabilities decreased $35,000 during the quarter, what was the amount of assets on September 30?

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Accounting Basics: On july 1 the assets of erie enterprises were 335000 if

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