At the beginning of 2022, Juicy Inc. has liabilities of $240,000 and shareholders equity of...
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At the beginning of 2022, Juicy Inc. has liabilities of $240,000 and shareholders equity of $260,000. During 2022, Juicy Inc. has transactions that increase its assets by $300,000 and decrease its shareholders equity by $100,000. How much are Juicy Inc.s assets and liabilities at the end of 2022?
A. Assets are $320,000 and liabilities are$440,000.
B. Assets are $320,000 and liabilities are $640,000.
C. Assets are $800,000 and liabilities are $440,000.
D. Assets are $800,000 and liabilities are $640,000.
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