Question
18. A company's January 1, 2019 balance sheet reported total assets of RM120,000 and total liabilities of RM40,000. During January 2019, the following transactions occurred:
18. A company's January 1, 2019 balance sheet reported total assets of RM120,000 and total liabilities of RM40,000.
During January 2019, the following transactions occurred: (A) the company issued stock and collected cash totaling RM l30,000; (B) the company paid an account payable of RM6,000; (C) the company purchased supplies for RM1,000 with cash; (D) the company purchased land for RM60,000, paying RM10,000 with cash and signing a note payable for the balance.
What is total stockholders' equity after the transactions above?
18. A company's January 1, 2019 balance sheet reported total assets of RM120,000 and total liabilities of RM40,000 During January 2019, the following transactions occurred: (A) the company issued stock and collected cash totaling RM 130,000; (B) the company paid an account payable of RM6,000; (C) the company purchased supplies for RM1,000 with cash; (D) the company purchased land for RM60,000, paying RM10,000 with cash and signing a note payable for the balance. What is total stockholders' equity after the transactions above? Select one:
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Security And Audit Field Manual
Authors: Alex Meyer, Mark Polino
1st Edition
B0B72Q3V4M, 979-8841258483
