Homework Answers
Stockholder's equity December 31, 2018 = Total assets, December 31, 2018 - Total liabilities, December 31, 2018
= 108,210-68,921
= $39,289
Stockholder's equity December 31, 2018 = Stockholder's equity December 31, 2017 + Common stock issuances + Net income - Dividends
39,289 = Stockholder's equity December 31, 2017 + 12,000+6,488-450
Stockholder's equity December 31, 2017 = $21,251
Total assets, December 31, 2017 = Stockholder's equity December 31, 2017 + Total liabilities, December 31, 2017
= 21,251+71,912
= $93,163
Kindly comment if you need further assistance. Thanks‼!
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