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 assetsof $126,000 and total liabilities of $34,000. During January 2022,the following transactions occurred: (A) the company issued stockand collected cash totaling $36,000; (B) the company paid anaccount 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 thebalance. What is total stockholders' equity after the transactionsabove?
1. $205,400
2. $92,000
3. $128,000
4. $36,000
1. $205,400
2. $92,000
3. $128,000
4. $36,000