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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Transcribed Image Text: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
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