Question
All of Ebert Ltd's asset and liability account balances at the beginning of 2019 are listed below ( in no particular order): Cash - $14,000
All of Ebert Ltd's asset and liability account balances at the beginning of 2019 are listed below ( in no particular order):
Cash - $14,000 Inventory - $8,000 Prepaid expenses - $4,000 Accounts payable - $7,500 Long-term debt - $82,000 Accounts Receivable - $6,000 Unearned Revenue - $5,000 Buildings - $97,500 Land - $21,000
During 2019, the company's asset balance decreased by 13,600, and the company's liability balance decreased by 3,000.
Based on the above information, what is Ebert Ltd's Total Equity balance at the end of 2019?
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