Bramble Corp. had the following accounts and balances: Accounts payable Accounts receivable Buildings Cash $29800 Equipment 4900 Land 96000 Unearned service revenue 15100 Total stockholders' equity $34100 35800 9800 ? If the equipment was sold for $34100, what would be the total of stockholders' equity?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Bramble Corp. had the following accounts and balances:
Accounts payable
Accounts receivable
Buildings
Cash
$29800 Equipment
4900
Land
96000 Unearned service
revenue
15100
Total stockholders'
equity
$34100
35800
9800
?
If the equipment was sold for $34100, what would be the total of stockholders' equity?
Transcribed Image Text:Bramble Corp. had the following accounts and balances: Accounts payable Accounts receivable Buildings Cash $29800 Equipment 4900 Land 96000 Unearned service revenue 15100 Total stockholders' equity $34100 35800 9800 ? If the equipment was sold for $34100, what would be the total of stockholders' equity?
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