At the beginning of the year, Sielert Company had total assets of $851,810 and total liabilities of $290,850. Answer the following questions.

(a) If total assets increased $143,520 during the year and total liabilities decreased $63,130, what is the amount of owner’s equity at the end of the year?

Owner’s equity

$

(b) During the year, total liabilities increased $104,990 and owner’s equity decreased $54,060. What is the amount of total assets at the end of the year?

Total assets

$

(c) If total assets decreased $51,850 and owner’s equity increased $93,370 during the year, what is the amount of total liabilities at the end of the year?

Total liabilities

$

Use the expanded accounting equation to answer each of the following questions.

(a) The liabilities of Roman Company are $90,710. Owner’s capital account is $143,500; drawings are $83,680; revenues, $469,480; and expenses, $330,080. What is the amount of Roman Company’s total assets?

Roman Company’s total assets

$

(b) The total assets of Dylan Company are $65,960. Owner’s capital account is $22,430; drawings are $7,830; revenues, $47,850; and expenses, $31,700. What is the amount of the company’s total liabilities?

Dylan Company’s total liabilities

$

(c) The total assets of Capp Co. are $660,000 and its liabilities are equal to two-thirds of its total assets. What is the amount of Capp Co.’s owner’s equity?

Capp Co.’s owner’s equity

$

Two items are omitted from each of the following summaries of balance sheet and income statement data for two proprietorships for the year 2014, Garba’s Goods and Zahra Enterprises.

Determine the missing amounts.

Garba’s Goods	Zahra Enterprises
Beginning of year:
Total assets	$151,371	$177,517
Total liabilities	116,969	$	(c)
Total owner’s equity	$	(a)	110,088
End of year:
Total assets	220,176	247,698
Total liabilities	165,132	68,805
Total owner’s equity	55,044	178,893
Changes during year in owner’s equity:
Additional investment	$	(b)	34,403
Drawings	39,907	$	(d)
Total revenues	295,862	137,610
Total expenses	240,818	82,566