The following transactions took place at a newly formed company: 1. Started the company by issuing common stock $ 53,600 2. Paid six months of rent in advance 9,600 3. Provided services to customers on account 19,000 4. Purchased supplies on account 4,600 5. Paid employees' salaries for the current month 8,600 6. Paid dividends to stockholders 6,600 Required: 1. Based on your new values, enter the total of Assets, Liabilities, and Stockholders' Equity.

Answer rating: 100% (QA)

To calculate the total of Assets Liabilities and Stockholders Equity lets analyze each transaction 1 ... View the full answer