Question
The following information is provided for Sacks Company before closing entries. Cash $12,600 Supplies5,100 Prepaid rent2,600 Salaries expense5,100 Equipment65,600 Service revenue32,400 Miscellaneous expenses20,600 Dividends3,600 Accounts
The following information is provided for Sacks Company before closing entries.
Cash $ 12,600
Supplies 5,100
Prepaid rent 2,600
Salaries expense 5,100
Equipment 65,600
Service revenue 32,400
Miscellaneous expenses 20,600
Dividends 3,600
Accounts payable 5,600
Common stock 68,600
Retained earnings 8,600
What is the amount of total shareholders' equity?
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Common stock 68600 Retained earnings 8600 Total shareho...
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Forensic And Investigative Accounting
Authors: G. Stevenson Smith D. Larry Crumbley, Edmund D. Fenton
10th Edition
0808056301, 9780808056300
