A company's January 1, 2019 balance sheet reported total assets of $129,000 and total liabilities of $31,000. During January 2019, the following transactions occurred: (A) the company issued stock and collected cash totaling $39,000; (B) the company paid an account payable of $6,900; (C) the company purchased supplies for $1,900 with cash; (D) the company purchased land for $51,000, paying $19,000 with cash and signing a note payable for the balance. What is total stockholders' equity after the transactions above? Multiple Choice $98,000. $137,000. $39,000. $211,100.

A company's January 1, 2019 balance sheet reported total assets of $129,000 and total liabilities of $31,000. During January 2019, the following transactions occurred: (A) the company issued stock and collected cash totaling $39,000; (B) the company paid an account payable of $6,900; (C) the company purchased supplies for $1,900 with cash; (D) the company purchased land for $51,000, paying $19,000 with cash and signing a note payable for the balance. What is total stockholders' equity after the transactions above? Multiple Choice $98,000. $137,000. $39,000. $211,100.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter12: Intangibles

Section: Chapter Questions

Problem 10MC

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