owing information is provided for Sacks Company before closing entries. $ 13,100 5,600 3,100 5,600 Cash Supplies Prepaid rent Salaries expense Equipment Service revenue Miscellaneous expenses Dividends Accounts payable Common stock Retained earnings What is the amount of total shareholders' equity? Multiple Choice 66,100 34,400 $87,900 21,100 4,100 6,100 69,100 12,700

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The following information is provided for Sacks Company before closing entries.
$ 13,100
5,600
3,100
5,600
66,100
34,400
21,100
4,100
Cash
Supplies
Prepaid rent
Salaries expense
Equipment
Service revenue
Miscellaneous expenses
Dividends
Accounts payable
Common stock
Retained earnings
What is the amount of total shareholders' equity?
Multiple Choice
O $87,900
$81,800
$6,100
$69,600
6,100
69,100
12,700
Transcribed Image Text:The following information is provided for Sacks Company before closing entries. $ 13,100 5,600 3,100 5,600 66,100 34,400 21,100 4,100 Cash Supplies Prepaid rent Salaries expense Equipment Service revenue Miscellaneous expenses Dividends Accounts payable Common stock Retained earnings What is the amount of total shareholders' equity? Multiple Choice O $87,900 $81,800 $6,100 $69,600 6,100 69,100 12,700
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