Blossom Services Corporation had the following accounts and balances: Accounts payable 2$ Equipment $ 28600 34300 Accounts receivable 5400 Land 34600 Buildings 75000 Unearned service 10500 revenue Cash 14750 Total stockholders' ? equity

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Blossom Services Corporation had the following accounts and balances:
Accounts payable
2$
Equipment
28600
34300
Accounts receivable
5400
Land
34600
Buildings
75000
Unearned service
10500
revenue
Cash
14750
Total stockholders'
?
equity
If Blossom paid $ 5200 of Accounts Payable in cash, total liabilities and stockholders' equity would be
O $83850
O $ 130250
O $ 116850
$ 158850
Transcribed Image Text:Blossom Services Corporation had the following accounts and balances: Accounts payable 2$ Equipment 28600 34300 Accounts receivable 5400 Land 34600 Buildings 75000 Unearned service 10500 revenue Cash 14750 Total stockholders' ? equity If Blossom paid $ 5200 of Accounts Payable in cash, total liabilities and stockholders' equity would be O $83850 O $ 130250 O $ 116850 $ 158850
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