On December 31, Rodriguez Company has the following list of account balances. Accounts Payable $ 28,900...

 

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On December 31, Rodriguez Company has the following list of account balances. Accounts Payable $ 28,900 Equipment $ 31,100 Accounts Receivable 57,700 Service Revenue 61,800 Accumulated Depreciation, 15,300 Legal Expense 3,100 Equipment Accumulated Depreciation, 52,200 Note Payable, due in two 18,000 Buildings years. Advertising Expense 5,600 Prepaid Rent 10,300 Beginning Retained Earnings 92,000 Rent Expense 3,300 Buildings 97,000 Salaries Expense 6,900 Capital Stock 30,800 Salaries Payable 8,100 Cash 57,600 Supplies 19,300 Dividends 13,600 Supplies Expense 1,600 Compute the dollar amount of the total Stockholders' Equity as it would appear on the December 31 balance sheet. Required: On December 31, Rodriguez Company has the following list of account balances. Accounts Payable $ 28,900 Equipment $ 31,100 Accounts Receivable 57,700 Service Revenue 61,800 Accumulated Depreciation, 15,300 Legal Expense 3,100 Equipment Accumulated Depreciation, 52,200 Note Payable, due in two 18,000 Buildings years. Advertising Expense 5,600 Prepaid Rent 10,300 Beginning Retained Earnings 92,000 Rent Expense 3,300 Buildings 97,000 Salaries Expense 6,900 Capital Stock 30,800 Salaries Payable 8,100 Cash 57,600 Supplies 19,300 Dividends 13,600 Supplies Expense 1,600 Compute the dollar amount of the total Stockholders' Equity as it would appear on the December 31 balance sheet. Required:

Answer rating: 100% (QA)

To compute the dollar amount of the total Stockholders Equity as it would appear on the December 3... View the full answer