Question
Waterway Industries had the following accounts and balances: Accounts payable $ 30400 Equipment $ 34900 Accounts receivable 5350 Land 35800 Buildings 99100 Unearned service revenue
Waterway Industries had the following accounts and balances:
| Accounts payable | $30400 | Equipment | $34900 | |
|---|---|---|---|---|
| Accounts receivable | 5350 | Land | 35800 | |
| Buildings | 99100 | Unearned service revenue | 10300 | |
| Cash | 14850 | Total stockholders' equity | ? |
If the equipment was sold for $34900, what would be the total of stockholders' equity?
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Correct Answer 2nd Option 149300 Explanation Balance Shee...
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
10th edition
978-1337276337, 1337276332, 978-1337517546, 1337517542, 978-1337491471
