Sunlight, Inc.had the following assets and liabilities as of September 30, 2016 $$\begin{array} { l l }
\text { Assets } & \$ 60,600 \
\text { Liabilities } & \$ 27,500
\end{array}$$ If assets increased by $4,350 and equity increased by $2,900 during October, what is the increase or decrease in liabilities of Sunlight as of October 31, 2016?
A) ($1,450)
B) $1,450
C) $7,250
D) ($7,250)

Question

Sunlight, Inc.had the following assets and liabilities as of September 30, 2016 $$\begin{array} { l l } 
\text { Assets } & \$ 60,600 \
\text { Liabilities } & \$ 27,500
\end{array}$$ If assets increased by $4,350 and equity increased by $2,900 during October, what is the increase or decrease in liabilities of Sunlight as of October 31, 2016?
A) ($1,450)
B) $1,450
C) $7,250
D) ($7,250)

Quizplus · Accepted Answer

The Answer of Sunlight, Inc.had the following assets and liabilities as of September 30, 2016 $$\begin{array} { l l } 
\text { Assets } & \$ 60,600 \
\text { Liabilities } & \$ 27,500
\end{array}$$ If assets increased by $4,350 and equity increased by $2,900 during October, what is the increase or decrease in liabilities of Sunlight as of October 31, 2016?
A) ($1,450)
B) $1,450
C) $7,250
D) ($7,250)

Sunlight, Inc Assets $60,600 Liabilities $27,500\begin{array} { l l } \text { Assets } & \$ 60,600 \\\text { Liabilities } & \$ 27,500\end{array} Assets Liabilities ​$60,600$27,500​

Sunlight, Inc $\begin{array} { l l } \text { Assets } & \$ 60,600 \\\text { Liabilities } & \$ 27,500\end{array}$