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On June 1 Acme Inc. has Shareholders' Equity of $59964. In June the firm sold $10148 in additional capital stock for cash. In June the
On June 1 Acme Inc. has Shareholders' Equity of $59964. In June the firm sold $10148 in additional capital stock for cash. In June the firm obtained an interest free loan of $48354 from one of the stockholders. Revenues for June were $22554. Expenses for June were $12524 In June the company paid out a total of $1077 in dividends to its shareholders. What is the value of Shareholders' Equity on June 30?
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