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The following information is provided for Poppy Inc. before closing entries. Cash $13,000; Supplies 5500; Prepaid Rent 3000; Salaries Expense 5500; Equipment 66,000; Service Revenue
The following information is provided for Poppy Inc. before closing entries. Cash $13,000; Supplies 5500; Prepaid Rent 3000; Salaries Expense 5500; Equipment 66,000; Service Revenue 34,000; Miscellaneous Expenses 21,000; Dividends 4000; Accounts payable 6000; Common Stock 59,000; Retained Earnings 9000.
What is the amount of Poppy's total shareholders' equity?
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