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Accounting Assignment

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BE1-2 Given the accounting equation, answer each of the following questions. (a) The liabilities of Weber Company are $ 120,000 and the owner’s equity is $ 232,000. What is the amount of Weber Company’s total assets? (b) The total assets of Weber Company are $ 190,000 and its owner’s equity is $ 91,000. What is the amount of its total liablitles? (c) The total assets of Weber Company are $ 800,000 and its liabilities are equal to one-half of its total asSsets. What is the amount of Weber Company’s owner’s equity? BE1-3 At the beginning of the vear. Gilles Company had total assets of $ 800,000 and total liabilities of $ 300,000. Answer the following questions. (a) It total assets increased S150,000 during the vear and total liabilities decreased $ 60,000, what is the amount of owner’s equity at the end of the year? (b) During the year, total liabilities increased $ 100.00o and owner’s equity decreased $ 70,000. What is the amount of total assets at the end of the year? (c) If total assets decreased $ 80,000 and owner’s equity increased $ 120,000 during the year, what is the amount of total liabilities at the end of the year?

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