earnings B-Silva Corporation had the following accounts and balances: $30,000 Equipment Accounts payable $35,000 Accounts 5,000 Land 35,000 receivable 40,000 Unearned service 10,000 Buildings revenue Cash 15,000 Total stockholders' equity If Silva paid $10,000 of Accounts Payable in cash, What is the total liabilities and stockholders' equity?
earnings B-Silva Corporation had the following accounts and balances: $30,000 Equipment Accounts payable $35,000 Accounts 5,000 Land 35,000 receivable 40,000 Unearned service 10,000 Buildings revenue Cash 15,000 Total stockholders' equity If Silva paid $10,000 of Accounts Payable in cash, What is the total liabilities and stockholders' equity?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
earnings
B-Silva Corporation had the following accounts and balances:
$30,000
Equipment
Accounts payable
$35,000
Accounts
5,000 Land
35,000
receivable
40,000
Unearned service
10,000
Buildings
revenue
Cash
15,000 Total stockholders'
equity
If Silva paid $10,000 of Accounts Payable in cash, What is the total liabilities and
stockholders' equity?

Transcribed Image Text:earnings
B-Silva Corporation had the following accounts and balances:
Accounts payable $30,000 Equipment
5,000 Land
Accounts
receivable
Buildings
Cash
40,000 Unearned service
revenue
15,000 Total stockholders'
equity
$35,000
2
35,000
10,000
?
If Silva paid $10,000 of Accounts Payable in cash, What is the total liabilities and
stockholders' equity?
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