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The balance sheet of Frigga Retailing on June 1, 2021 reported total assets of $120,000 and total liabilities of $40,000. During June 2021, the following
The balance sheet of Frigga Retailing on June 1, 2021 reported total assets of $120,000 and total liabilities of $40,000. During June 2021, the following transactions occurred: (A) the company issued stock with a par value of $25,000 for a total of $30,000 in cash; (B) the company paid an account payable of $6,000; (C) the company purchased supplies for $1,000 with cash; (D) the company purchased land for $60,000 paying $10,000 with cash and signing a note payable for the balance. What is total stockholders'equity after the transactions above
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