The following information is provided for Sacks Company before closing entries. Cash $12,600 Supplies5,100 Prepaid rent2,600 Salaries

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The following information is provided for Sacks Company before closing entries.

Cash $ 12,600

Supplies 5,100

Prepaid rent 2,600

Salaries expense 5,100

Equipment 65,600

Service revenue 32,400

Miscellaneous expenses 20,600

Dividends 3,600

Accounts payable 5,600

Common stock 68,600

Retained earnings 8,600

What is the amount of total shareholders' equity?

Related Book For answer-question

Forensic And Investigative Accounting

ISBN: 9780808056300

10th Edition

Authors: G. Stevenson Smith D. Larry Crumbley, Edmund D. Fenton

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Posted Date: Nov 01, 2023 03:40 AM

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The following information is provided for Sacks Company before closing entries. Cash $12,600 Supplies5,100 Prepaid rent2,600 Salaries

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Common stock 68600 Retained earnings 8600 Total shareho... View the full answer

Forensic And Investigative Accounting

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