Waterway Industries had the following accounts and balances: Accounts payable $ 30400 Equipment $ 34900 Accounts receivable
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Question:
Waterway Industries had the following accounts and balances:
Accounts payable | $30400 | Equipment | $34900 | |
---|---|---|---|---|
Accounts receivable | 5350 | Land | 35800 | |
Buildings | 99100 | Unearned service revenue | 10300 | |
Cash | 14850 | Total stockholders' equity | ? |
If the equipment was sold for $34900, what would be the total of stockholders' equity?
Related Book For
Using Financial Accounting Information The Alternative to Debits and Credits
ISBN: 978-1337491471
10th edition
Authors: Gary A. Porter, Curtis L. Norton
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