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1.John is the owner and operator of A Star Company, a motivational consulting business. At...

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Accounting

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1.John is the owner and operator of A Star Company, a motivational consulting business. At the end of its accounting period, December 31, 2017, A Star has assets of $900,000 and liabilities of $250,000. Using the accounting equation, determine the following amounts: A. Owner's equity, as of December 31, 2017 B. Owner's equity, as of December 31, 2018, Assuming that assets increased by $230,000 and liabilities decreased by $30,000 during 2018

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