At the Beginning of the Year, Wise Company Ltd Had

Short Answer

At the beginning of the year, Wise Company Ltd had total assets of $700,000 and total liabilities of $300,000.
1. If total assets increased $225,000 during the year, and total liabilities decreased $100,000, what is the amount of equity at the end of the year?
2. During the year, total liabilities increased $315,000 and Equity decreased $130,000. What is the amount of total assets at the end of the year?
3. If total assets decreased $60,000 and Equity increased $180,000 during the year, what is the amount of total liabilities at the end of the year?