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?

100,000 + 25,000 - 80,000 = ?

2x - 40,000 = 20,000
Solve for x

Assets = Liabilities + Owner's Equity

$100, 000 = 80, 000 + _____

100, 000= 80, 000 + 20, 000
100, 000= 100, 000

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.

To solve these problems, we need to understand the basic accounting equation, which states that Assets = Liabilities + Owner's Equity. By rearranging this equation, we can calculate the missing values.

1) For the first problem, we have the following information:
Assets at the beginning (A) = $100,000
Liabilities at the beginning (L) = $80,000
Net Income (NI) = $25,000
Dividends (D) = $0

To find the Owner's Equity at the end of the year (OE), we can use the formula: OE = A - L, where A is the assets at the end of the year.

First, we need to calculate the assets at the end of the year:
Assets at the end (A) = Assets at the beginning (A) + Net Income (NI) - Dividends (D)
A = $100,000 + $25,000 - $0
A = $125,000

Now we can calculate the owner's equity:
Owner's Equity (OE) = Assets at the end (A) - Liabilities at the beginning (L)
OE = $125,000 - $80,000
OE = $45,000

Therefore, the owner's equity at the end of the year is $45,000.

2) For the second problem, we have the following information:
Liabilities at the end (L) = $40,000
Owner's Equity (OE) = $20,000

To find the assets at the beginning of the year (A), we can use the formula: A = L + OE.

A = Liabilities at the end (L) + Owner's Equity (OE)
A = $40,000 + $20,000
A = $60,000

Therefore, the amount of Chapman's assets at the beginning of the year is $60,000.

3) For the third problem, we have the following information:
Assets at the beginning (A) = $30,000
Owner's Equity (OE) = $10,000

To find the liabilities at the end of the year (L), we can use the formula: L = A - OE.

Liabilities at the end (L) = Assets at the beginning (A) - Owner's Equity (OE)
L = $30,000 - $10,000
L = $20,000

Therefore, the amount of liabilities at the end of the year is $20,000.