exercise of accounting equation - លំហាត់សមីការគណនេ្យ

Use the accounting equation to answer each question below.

1.    At the beginning of the year, Gilbert Company Assets were $180,000, and its stockholder’s equity was $100,000. During the year Assets increase $60,000 and Liabilities increase $10,000. What was the Stockholder’s Equity at the end of the year?

2.    At the beginning of the year, Sallor Company had Liabilities of $50,000 and Stockholder’s equity of $48,000. If assets increased by $20,000 and liabilities decreased by $15,000. What was Stockholder’s equity at the end of year?

Answer:

1.                                    Assets          =        Liabilities       +        Stockholder’s Equity

Beginning of year    $180,000               80,000                             100,000

          Increasing              60,000                   10,000                             50,000

          Ending of year        240,000                  90,000                             150,000

                   So stockholder’s equity at the end of year is $150,000       .

2.                              Assets          =        Liabilities       +        Stockholder’s equity

Beginning of year    $98,000                 50,000                             48,000

        Increasing              20,000                   (15,000)                           35,000

          Ending of year        118,000                 35,000                             83,000

                So stockholder’s equity at the end of year is $83,000