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Astoria Company had the following transactions during the month of August Year 1: (1) Cash received from bank loans was $27,000. (2) Dividends of $10,200
Astoria Company had the following transactions during the month of August Year 1: (1) Cash received from bank loans was $27,000. (2) Dividends of $10,200 were paid to stockholders in cash. (3) Revenues earned and received in cash amounted to $40,500 (4) Expenses incurred and paid were $29,500. At the beginning of August, Year 1, owners' equity in Astoria was $167,000. Given the transactions of August, what will be the owners' equity be at the end of the month? Multiple Choice $178,000 $156,800. O O $207,500. . $167,800
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