Waterway Industries had the following accounts and balances: Accounts payable $28500 Equipment $35600 Accounts receivable 4600...
Waterway Industries had the following accounts and
balances:
| Accounts payable | $28500 | Equipment | $35600 | |
| Accounts receivable | 4600 | Land | 35200 | |
| Buildings | ? | Unearned service revenue | 10100 | |
| Cash | 15350 | Total stockholders' equity | ? |
If the balance of the Buildings account was $81700, what would be
the total of liabilities and stockholders' equity?
Homework Answers
Total liabilities and stockholder's equity=$172,450
Working
| Accounts receivable | $ 4,600 |
| Buildings | $ 81,700 |
| Cash | $ 15,350 |
| Equipment | $ 35,600 |
| Land | $ 35,200 |
| Total assets | $ 172,450 |
| Accounts payable | $ 28,500 |
| Unearned service revenue | $ 10,100 |
| Total stockholders' equity | $ 133,850 |
| Total liabilities and shareholder's equity | $ 172,450 |
| Total liabilities and shareholder's equity | = Total assets |
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