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On January 1, 2021, a company's balance sheet showed the following: Assets Liabilities $350 200 Stockholders' Equity 150 During January, the company had the following
On January 1, 2021, a company's balance sheet showed the following: Assets Liabilities $350 200 Stockholders' Equity 150 During January, the company had the following transactions: Borrowed $5,000 from the bank. Performed services for customers during the month. Cash for those services of $50 were received in December 2020. . Declared and paid dividends of $8. . Received $75 in cash for services performed in November 2020. The sale was originally made on account. The company's January 31, 2021 Balance Sheet will show: Total Assets $5,342 Total Liabilities- $5,200 Total SHE - $142 Total Assets $5,417 Total Liabilities - $5,150 Total SHE - $267 O Total Assets - $5,467 Total Liabilities - $5,200 Total SHE $267 O Total Assets - $5,342 Total Liabilities - $5,150 Total SHE $192 O None of the above
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