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Sarbanes Inc. had the following account information: Accounts payable $30,000 Equipment $35,000 Accounts receivable 5,000 Land $10,000 Buildings ? Unearned service revenue 10,000 Cash 15,000
Sarbanes Inc. had the following account information: Accounts payable $30,000 Equipment $35,000 Accounts receivable 5,000 Land $10,000 Buildings ? Unearned service revenue 10,000 Cash 15,000 Total stockholders' equity ? If the balance of the Buildings account was $65,000, what would be the total of liabilities and stockholders' equity? Select one: a. $65,000 b. $90,000 c. $130,000 d. $40,000
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