Question
A company's January 1, 2019 balance sheet reported total assets of $116,000 and total liabilities of $43,000. During January 2019, the following transactions occurred: (A)
A company's January 1, 2019 balance sheet reported total assets of $116,000 and total liabilities of $43,000. During January 2019, the following transactions occurred: (A) the company issued stock and collected cash totaling $26,000; (B) the company paid an account payable of $5,600; (C) the company purchased supplies for $2,400 with cash; (D) the company purchased land for $46,000, paying $13,000 with cash and signing a note payable for the balance. What is total stockholders' equity after the transactions above?
Multiple Choice
A)$73,000.
B)$99,000.
C)$26,000.
D)$192,400.
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