Posted by **Peaches** on Sunday, September 13, 2009 at 5:01pm.

Can anyone please show me the calculation for these problems: Burlin Company starts the year with $100,000 in assets and $80,000 in liabilities. Net Income for the year is $25,000, and no dividends are paid. How much is owner’s equity at the end of the year?

Chapman Inc. doubles the amount of its assets from the beginning to the end of the year. Liabilities at the end of the year amount to $40,000, and owner’s equity is $20,000. What is the amount of Chapman’s assets at the beginning of the year?

During the year, the liabilities of Dixon Enterprise triple in amount. Assets at the beginning of the year amount to $30,000, and owner’s equity is $10,000. What is the amount of liabilities at the end of the year?

- Accounting Math -
**Ms. Sue**, Sunday, September 13, 2009 at 5:04pm
100,000 + 25,000 - 80,000 = ?

2x - 40,000 = 20,000

Solve for x

- Accounting Math -
**Leen**, Friday, December 19, 2014 at 4:29pm
Assets = Liabilities + Owner's Equity

$100, 000 = 80, 000 + _____

100, 000= 80, 000 + 20, 000

100, 000= 100, 000

- Accounting Math -
**Leen**, Friday, December 19, 2014 at 4:42pm
Chapman

At the end of the Year:

Assets = Liabilities + Owner's Equity

? = 40, 000 + 20, 000

Therefore assets at the beginning of the year was

30, 000

Since it was doubled at the end of the year, then 30, 000 multiply by 2 we get $60, 000.

## Answer this Question

## Related Questions

- accounting - Carlton company had assetsof $280,000 & liabilities of $120,000 at ...
- accounting - Assets Cash (Net Effect) $35,000 20,000 +15,000 A/R 33,000 14,000 +...
- accounting - Did I do any of this right and how do I figure Retain earnings (...
- accounting - How do I find the net income for this company ,with this ...
- Accounting - HOW DO I find the net icome for this company with this information...
- Accounting - How do you calculate the 'Capital stock at the end of the year' ...
- Finance - Trying to figure out how to do problems like these. So confused! 1. ...
- Accounting - O' Hara Company began operations on December 1, 2011. Presented ...
- Accounting - At the beginning of the year, Keller Company's liabilities equal $...
- accounting - Lily Company had the following assets and liabilities on the dates ...

More Related Questions