Todd Olson is the owner and operator of Alpha, a motivationalconsulting business. At the...

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Accounting

Todd Olson is the owner and operator of Alpha, a motivationalconsulting business. At the end of its accounting period, December31, 2013, Alpha has assets of $777,270 and liabilities of $245,620.Using the accounting equation and considering each caseindependently, determine the following amounts. a. Todd Olson,capital, as of December 31, 2013. $ b. Todd Olson, capital, as ofDecember 31, 2014, assuming that assets increased by $122,810 andliabilities increased by $73,840 during 2014. $ c. Todd Olson,capital, as of December 31, 2014, assuming that assets decreased by$61,400 and liabilities increased by $21,760 during 2014. $ d. ToddOlson, capital, as of December 31, 2014, assuming that assetsincreased by $102,600 and liabilities decreased by $38,860 during2014. $ e. Net income (or net loss) during 2014, assuming that asof December 31, 2014, assets were $979,360, liabilities were$159,340, and there were no additional investments orwithdrawals.

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Assets as at December 31 2013 777270 Liabilities as at December 31 2013 245620 a Capital as at December 31 2013 Assets Liabilities 777270 245620 531650 b During 2014 assets increased by 122810 and liabilities increased by 73840 Hence assets as at December 31 2014 777270 122810 900080 Hence See Answer

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In: AccountingTodd Olson is the owner and operator of Alpha, a motivationalconsulting business. At the end...Todd Olson is the owner and operator of Alpha, a motivationalconsulting business. At the end of its accounting period, December31, 2013, Alpha has assets of $777,270 and liabilities of $245,620.Using the accounting equation and considering each caseindependently, determine the following amounts. a. Todd Olson,capital, as of December 31, 2013. $ b. Todd Olson, capital, as ofDecember 31, 2014, assuming that assets increased by $122,810 andliabilities increased by $73,840 during 2014. $ c. Todd Olson,capital, as of December 31, 2014, assuming that assets decreased by$61,400 and liabilities increased by $21,760 during 2014. $ d. ToddOlson, capital, as of December 31, 2014, assuming that assetsincreased by $102,600 and liabilities decreased by $38,860 during2014. $ e. Net income (or net loss) during 2014, assuming that asof December 31, 2014, assets were $979,360, liabilities were$159,340, and there were no additional investments orwithdrawals.