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A company has the following trial balance (each account has a positive normal balance): Accounts Payable 12,300 Accounts Receivable 21,230 Automobiles 48,000 Buildings 60,000 Common
A company has the following trial balance (each account has a positive normal balance):
Accounts Payable | 12,300 |
Accounts Receivable | 21,230 |
Automobiles | 48,000 |
Buildings | 60,000 |
Common Stock | 25,000 |
Cash | 2,460 |
Service Fees Earned | 17,420 |
Dividends | 1,500 |
Insurance Expense | 300 |
Interest Expense | 200 |
Interest Payable | 200 |
Land | 40,000 |
Notes Payable | 20,000 |
Supplies | 1,680 |
Supplies Expense | 5,320 |
Rent Expense | 10,355 |
Retained Earnings | 116,900 |
Wages Expense | 1,245 |
Wages Payable | 470 |
Calculate the total equity for this company.
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