Chapter 1, Problem 24P

At the beginning of the year, ABC Company's liabilities equal $97,000. During the year, assets increased by $80,000, and at the end of the year, assets equal $268,000. Liabilities decrease by $33,000 during the year. Calculate the amount of equity at the end of the year. HELP

What is the value of office supplies

Quibi Enterprises received an order for Job X2L on November 12. During the month of November, Quibi requisitioned $3,100 of direct materials and used $4,600 of direct labor. The job was not finished by the end of November and required an additional $2,700 of direct materials and $6,400 of direct labor to complete the job in December. The company applies overhead at the end of each month at a rate of 200% of the direct labor cost incurred. What is the total cost of the job when it is completed in December?