Question
The following information was taken from the accounting records of ABC Company for the period ended January 31, 2022: Cash $29,000 Retained Earnings $34,000 (at
The following information was taken from the accounting records of ABC Company for the period ended January 31, 2022:
Cash $29,000
Retained Earnings $34,000 (at January 1, 2022)
Advertising Expense $17,000
Cost of Goods Sold $42,000
Rental Revenue $15,000
Copyright $28,000
Supplies $12,000
Accounts Payable $50,000
Common Stock $96,000
Accumulated Depreciation $26,000
Accounts Receivable $70,000
Wages Payable $10,000
Income Tax Expense $21,000
Inventory $46,000
Dividends $ 7,000
Wage Expense $14,000
Sales Revenue $98,000
Patent $ 8,000
Building $35,000
Calculate Company's total stockholder's equity at January 31, 2022.
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