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Inventory Land Use the following information to answer the question. Cash Accounts receivable Supplies HONEST RON'S FURNITURE OUTLET LTD. Statement of Financial Position December 31,
Inventory Land Use the following information to answer the question. Cash Accounts receivable Supplies HONEST RON'S FURNITURE OUTLET LTD. Statement of Financial Position December 31, 2022 $ 5,000 Accounts payable 20,000 Salaries payable 1,000 Mortgage payable Total liabilities Shareholders' equity $ 30,000 10,000 130,000 170,000 $170,000 100,000 Building $100,000 Less: Accum. Depreciation 20.000 Common shares 80,000 Retained earnings $140,000 96.000 Trademark $ 40,000 Less: Accum. Amortization 10.000 Total assets Total shareholders' equity 30.000 Total liabilities and $406.000 shareholders' equity 236.000 $406,000 The dollar amount of share capital is $ 96,000. $406,000. $236,000. $140,000
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