On July 1, the assets of Erie Enterprises were $335,000 and


Question Description:

24.99

On July 1, the assets of Erie Enterprises were $335,000 and liabilities were $106,000. During the quarter, net income was $15,000 and the owner withdrew $80,000 and made no investments. If liabilities decreased $35,000 during the quarter, what was the amount of assets on September 30?

Answer

24.99