Question
ROK Corporation had the following balance sheet accounts and balances: Accounts Payable: $6,000 Accounts Receivable: 1,000 Building: ???? Cash: 3,000 Common Stock: ???? Equipment: 7,000
ROK Corporation had the following balance sheet accounts and balances:
Accounts Payable: $6,000 Accounts Receivable: 1,000 Building: ???? Cash: 3,000 Common Stock: ???? Equipment: 7,000 Land: 7,000 Retained Earnings: 2,000 If the balance of the Common Stock account were $19,500, what would be the balance of the Building account?
If the balance of the Building account were $14,500, what would be the total of liabilities and stockholders' equity?
the balance of the Building account were $15,000 and if the equipment were sold for $7,000, what would be the total of stockholders' equity?
If the balance of the Building account were $14,000 and $3,000 of Accounts Payable were paid in cash, what would be the balance of the Common Stock account?
If the balance of the Building account were $8,000 and $3,000 of Accounts Payable were paid in cash, what would be the total liabilities and stockholders' equity?
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