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8. Elston Company compiled the following financial information as of December 31, 2014: Service revenue Common stock Equipment Operating expenses Cash Dividends Supplies Accounts payable
8. Elston Company compiled the following financial information as of December 31, 2014: Service revenue Common stock Equipment Operating expenses Cash Dividends Supplies Accounts payable Accounts receivable Retained earnings, 1/1/14 $700,000 150,000 200,000 625,000 175,000 50,000 25,000 100,000 75,000 375,000 Elston's stockholders' equity on December 31,2014 is A) $525,000. B) $550,000. C) S400,000. D) S600,000
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