Question
Accounts Payable $31,000 Mortage Payable $100,000 Bonds Payable 185,000 Treasury stock 17,000 Additional Paid in Capital 70,000 Investment in unconsolidated subsidiary 120,000 Accounts Receivable 57,000
Accounts Payable $31,000
Mortage Payable $100,000
Bonds Payable 185,000
Treasury stock 17,000
Additional Paid in Capital 70,000
Investment in unconsolidated subsidiary 120,000
Accounts Receivable 57,000
Trading Securities 40,000
Cash 25,000
Unearned Service Revenue 2,000
Patents 50,000
Bond sinking funds 8,000
Inventory 69,000
Land 670,000
Long-term Notes Receivable 80,000
Prepaid Rent 1,000
Common Stock 250,000
Retained Earnings 138,000
The mortgage will be paid in 4 equal installments with the first installment due Nov. 1, 2021.
**$50,000 of the retained earnings are appropriated for future plant expansion.
What is the amount of TOTAL STOCKHOLDERS EQUITY?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Connect For Computer Accounting With Quickbooks 2021
Authors: Author
20th Edition
1264069200, 9781264069200
