Jamal Company began the year with $64,000 in its Common Stock account and a debit balance in Retained Earnings of $36,000. During the year, the company earned net income of $18,000 and declared and paid $6,000 of dividends. In addition, the company sold additional common stock amounting to $22,000. Based on this information, what should the transaction analysis show for the ending total of all stockholders' equity accounts?

a. $134,000

b. $146,000

c. $62,000

d. $90,000

Answer rating: 100% (QA)

Stockholders Equity is the net assets of the company or the excess of total assets ove... View the full answer