Survey of Accounting 2nd Edition by Paul D. Kimmel Test bank

Ending                 $885,000               -                            $200,000               =                 $685,000                                       (1)
                                                                                                                                             
                           Total Assets                                        Total Liabilities                                       Stockholders’ Equity
Beginning             $660,000                                  $300,000            $360,000
Change                    85,000                                                  215,000                                          (130,000)
Ending                 $745,000                                       (2)  =           $515,000                 + $230,000
                   
                           Total Assets                                        Total Liabilities                                       Stockholders’ Equity
Beginning             $660,000                                  $300,000            $360,000