Question: Explain why : On December 31 of the current year, a company reported the following items on its balance sheet: Cash $20,000; Accounts receivable $17,000;

Explain why :

On December 31 of the current year, a company reported the following items on its balance sheet: Cash $20,000; Accounts receivable $17,000; Supplies $3,000; Accounts payable $4,000. What amount should be reported as stockholders' equity? (4). $4,000 B. $14,000 C. $16,000 D. $36,000

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