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X Company, a manufacturer, prepares monthly financial statements. On January 1, total equities were $116,115. The following transactions occurred during January: . Issued additional shares

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X Company, a manufacturer, prepares monthly financial statements. On January 1, total equities were $116,115. The following transactions occurred during January: . Issued additional shares of stock for $102,000. Acquired $8,300 of direct materials, $3,652 of it paid for with cash, the rest bought on open account. A one year rental agreement was signed for $7,400 per month. Rent for the first three months was paid in advance. Product sales were $103,000, $23,972 of which were on account; the rest were cash sales. Product costs were $79,310. Paid wages and salaries of $11,593. Paid $23,417 to suppliers for materials that X Company had previously purchased on account. Collected $23,972 from customers who had previously purchased products from X Company on account. . What would total equities be on January 31? [ignore adjusting entries.] A: $69,286 B: $86,607 OC: $108,259 OD: $135,324 OE: $169,154 F: $211,443

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