Question: The December 3 1 , 2 0 2 4 , adjusted trial balance for Kline Enterprises was as follows: Account Title Debit Credit Accounts payable
The December adjusted trial balance for Kline Enterprises was as follows:
Account Title Debit Credit
Accounts payable $
Accounts receivable $
Accumulated depreciation
Common stock
Cash
Cost of goods sold
Depreciation expense
Equipment
Interest expense
Inventory
Note payable due in six months
Rent expense
Retained earnings
Salaries payable
Sales revenue
Salaries expense
Totals $ $
Required:
Assuming no income taxes, compute Kline's total shareholders' equity.
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