A company's January 1, 2022 balance sheet reported total assets of $126,000 and total liabilities of $34,000. During Jan
Posted: Fri Jul 01, 2022 8:26 am
A company's January 1, 2022 balance sheet reported total assets of $126,000 and total liabilities of $34,000. During January 2022, the following transactions occurred: (A) the company issued stock and collected cash totaling $36,000; (B) the company paid an account payable of $6,600; (C) the company purchased supplies for $1,600 with cash; (D) the company purchased land for $54,000, paying $16,000 with cash and signing a note payable for the balance. What is total stockholders' equity after the transactions above?