Homework Answers
Stockholders Equity = Assets – Liabilities
= Accounts receivable + Building + Cash + Equipment + Land – Unearned service revenue – Accounts payable
= $5450 + $66300 + $14600 + $36000 + $35400 - $10300 - $28300 = $119150
Total of Liabilities and stockholders equity before payment = $119150 + $28300 + $10300 = $157750
Total of Liabilities and stockholders equity after payment = $157750 - $5100 = $152650
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