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The following information applies to the questions displayed below) On January 1 of the current year, Three individuals organized Northwest Company as a corporation. Each

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The following information applies to the questions displayed below) On January 1 of the current year, Three individuals organized Northwest Company as a corporation. Each individual invested $10,000 cash in the business. On December 31 of the current year, they prepared a list of resources owned assets and debts owed liabilities to support a company loan request for $71000 submitted to a local bank. None of the three investors had studied accounting. The two lists prepared were as follows $ 12.500 7,200 49.200 190,000 27,000 25.000 Company resources Cash Service supplies inventory on hand) Service trucks Hour practically new Personal residences of organizers the houses Service ment used in the business practically new Bis due from customers for vices ready completed Tors Company obligations Unpaid wages to employees Unpaides Owed to wppliers Owed on service trucks and equipment to a finance company Loan from organizer Tot $10.000 6.000 13.000 49.000 15.000 SMOOO 4. Calculate the amount of stockholders' equity. Stockholders' equity References eBook & Resources

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