Question
On July 1 of the current year, the assets and liabilities of John Wong, DVM, are as follows: Cash, $10,641; Accounts Receivable, $8,143; Supplies, $1,916;
On July 1 of the current year, the assets and liabilities of John Wong, DVM, are as follows: Cash, $10,641; Accounts Receivable, $8,143; Supplies, $1,916; Land, $24,933; Accounts Payable, $5,602. What is the amount of stockholders' equity as of July 1 of the current year?
$________
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Managerial Accounting
Authors: Susan V. Crosson, Belverd E. Needles
11th Edition
0538742801, 978-0538742801
