Craltin Manufacturing had the following accounts and balances: Accounts payable $31600 Equipment $35700 Accounts receivable 5350...
Craltin Manufacturing had the following accounts and balances:
Accounts payable $31600 Equipment $35700 Accounts receivable 5350 Land 34700 Buildings ? Unearned service revenue 9800 Cash 14800 Total stockholders' equity ? If total stockholder's equity is $90100, what is the balance of the Buildings account?
$131150
$40950
$34700
$141150
Homework Answers
Total assets =Total liabilities+equity
Equipment+receivable+land+building+cash=payable+uneanred revenue+equity
Building=31600+9800+90100-(35700+5350+34700+14800)
Building=40950
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