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The following information relates to Smoothie Incorporated. Beginning assets = 200,000 Beginning liabilities = 124,000 Beginning equity = 76,000 Sales during the year = 617,000 Expenses (including taxes) during the year = 561,000 Dividends during the year = 14,000 Proceeds from the issuance of stock = 35,000 Ending assets = 285,000 Using the accounting equation, what is the ending balance of equity?

Respuesta :

ayokenny2001

Answer:

$153,000

Explanation:

With regards to the above, ending balance of equity

= Beginning equity + Sales during the year - Expenses(including taxes) during the year - dividends + proceeds from the issuance of stock

= $76,000 + $617,000 - $561,000 - $14,000 + $35,000

= $153,000