Questions for Almaholta.1. In the beginning of 2014, Hold steady co had total assets of $520,000 and liabilities of $250,000.1.) If assets increased $60,000 and Owners equity decresed $90,000 durig the year, determine amount of ttal liabilities.2.) During year, liabilities decreased 75,000 and OE increased $50,000. What is amount of total assets at end of year?3.) total asstes deceased $1000,000 liabilities increased $55,000, what is the amount of OE at end of the year? 2. Post the following in t-accounts and determine ending balance.1. supplies $2800Accounts payable $28002. accounts receivable 4000Service revenue 40003.cash 3000Accoiunts receivable 30004. accounts payable 1000Cash 10003. Indicate (a) the type of adjustment and (b) the accounts before adjustment, understated over1. supplies of $200 have been used2. salaries of $600 are unpaid3. rent in advance totaling $300 have been earned4.services provided but not recorded total $500Questions for Almaholta.1. In the beginning of 2014, Hold steady co had total assets of $520,000 and liabilities of $250,000.1.) If assets increased $60,000 and Owners equity decresed $90,000 durig the year, determine amount of ttal liabilities.2.) During year, liabilities decreased 75,000 and OE increased $50,000. What is amount of total assets at end of year?3.) total asstes deceased $1000,000 liabilities increased $55,000, what is amount of OE at end of year?2. Post the following in t-accounts and determine ending balance.1. supplies $2800Accounts payable $28002. accounts receivable 4000Service revenue 40003.cash 3000Accoiunts receivable 30004. accounts payable 1000Cash 10003. Indicate (a) the type of adjustment and (b) the accounts before adjustment, understated over1. supplies of $200 have been used2. salaries of $600 are unpaid3. rent in advance totaling $300 have been earned4.services provided but not recorded total $500