Homework Answers
Cash = $10,927
Accounts receivables = $8,456
Supplies = $1,827
Land = $24,652
Accounts payable = $5,972
Total assets = Cash + Accounts receivables + Supplies + Land
= 10,927 + 8,456 + 1,827 + 24,652
= $45,862
Stockholders' equity = Total assets - Accounts payable
= 45,862 - 5,972
= $39,890
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