Competitive Landscaping Company has compiled the following list of account balances of various assets, liabilities, revenues and
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Question:
Competitive Landscaping Company has compiled the following list of account balances of various assets, liabilities, revenues and expenses on December 31, 2019, the end of its first year of operations.
Common stock | $25,200 |
Accounts payable | 5,000 |
Salary expense | 9,000 |
Repairs expense | 1,600 |
Dividends | 10,000 |
Truck | 17,000 |
Equipment | 12,600 |
Notes payable | 16,400 |
Cash | 35,200 |
Supplies expense | 3,200 |
Service revenue | 43,600 |
Gasoline expense | 1,600 |
The stockholders' equity for Competitive Landscaping on December 31, 2019 is:
Select one:
A. $55,400
B. $45,200
C. $43,400
D. $45,000
Related Book For
Financial Accounting
ISBN: 978-1119305736
10th edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
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