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QUESTION 3 Microtel began operations at the beginning of 20x6 with a $10.000 cash investment by stockholders. During 20X6, Microtel had revenue on account of

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QUESTION 3 Microtel began operations at the beginning of 20x6 with a $10.000 cash investment by stockholders. During 20X6, Microtel had revenue on account of 55.000 of this amount $2.000 was collected during 20X6 and $3.000 was an outstanding receivable at year-end. Microtel incurred 53.000 of operating expenses during 20x6: of this amount 51,000 was unpaid at year-end. During 20X6. 51.000 cash was disbursed as dividends. The only other transaction during 20x6 was the purchase of $5.000 of equipment for cash near the end of the year. How much was Microtel's total stockholders equity at year- end? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BI U S Paragraph Arial 14px I. v

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