Answer:
a. $583,000
b. $878,000
c. $330,000
Explanation:
In this question, we have to use the accounting equation which is presented below:
Total assets = Total liabilities + stockholder's equity
$864,000 = $523,000 + stockholder's equity
So, the stockholder's equity = $864,000 - $523,000 = $341,000
a. New assets = Old assets + addition
= $864,000 + $156,000
= $1,020,000
New liabilities = Old liabilities - reduction
= $523,000 - $86,000
= $437,000
So, the stockholder's equity = $1,020,000 - $437,000 = $583,000
b. New liabilities = Old liabilities + addition
= $523,000 + $91,000
= $614,000
New equity = Old equity - reduction
= $341,000 - $77,000
= $264,000
So, the total assets = New liabilities + New equity
= $614,000 + $264,000
= $878,000
c. New assets = Old assets - reduction
= $864,000 - $90,000
= $774,000
New equity = Old equity + addition
= $341,000 + $103,000
= $444,000
So, the total liabilities = $774,000 - $444,000 = $330,000
