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Sam Mehdi has received financial statements for this year through June 30th. His year-to-date total liabilities are $732,000. His stocks are shown as $400,000 and
Sam Mehdi has received financial statements for this year through June 30th. His year-to-date total liabilities are $732,000. His stocks are shown as $400,000 and his retained earnings are $106,000. Year-to-date revenues are $702,498 and year-to-date expenses are $618,207. What is the total value of Sams permanent equity accounts as of June 30th?
$506,000
$1,320,705
$1,102,498
$ 84,291
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