5 The following information is provided for Sacks Company before closing entries. Cash $ 12,900 Supplies 5,400 Prepaid rent 2,900 Salaries expense 5,400 01:50:35 Equipment 65,900 Service revenue 33,600 Miscellaneous expenses 20,900 Dividends 3,900 Accounts payable 5,900 Common stock 68,900 Retained earnings 8,900 What is the amount of total shareholders' equity? Multiple Choice O $87,100 $69,400 $5,900 $81,200
5 The following information is provided for Sacks Company before closing entries. Cash $ 12,900 Supplies 5,400 Prepaid rent 2,900 Salaries expense 5,400 01:50:35 Equipment 65,900 Service revenue 33,600 Miscellaneous expenses 20,900 Dividends 3,900 Accounts payable 5,900 Common stock 68,900 Retained earnings 8,900 What is the amount of total shareholders' equity? Multiple Choice O $87,100 $69,400 $5,900 $81,200
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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