Waterway Industries had the following accounts and balances: Accounts payable $ Equipment 30400 34900 Accounts receivable 5350 Land 35800 Buildings 99100 Unearned service 10300 revenue Cash 14850 Total stockholders' equity If the equipment was sold for $ 34900, what would be the total of stockholders' equity? $ 149300 $ 139000 $ 65300 $ 90900

Waterway Industries had the following accounts and balances: Accounts payable $ Equipment 30400 34900 Accounts receivable 5350 Land 35800 Buildings 99100 Unearned service 10300 revenue Cash 14850 Total stockholders' equity If the equipment was sold for $ 34900, what would be the total of stockholders' equity? $ 149300 $ 139000 $ 65300 $ 90900

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Description: Waterway Industries had the following accounts and balances:Accounts payable$Equipment3040034900Accounts receivable5350Land35800Buildings99100Unearned service10300revenueCash14850Total stockholders'?equityIf the equipment was sold for $ 34900, what

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is

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Question

Waterway Industries had the following accounts and balances:
Accounts payable
$
Equipment
30400
34900
Accounts receivable
5350
Land
35800
Buildings
99100
Unearned service
10300
revenue
Cash
14850
Total stockholders'
?
equity
If the equipment was sold for $ 34900, what would be the total of stockholders' equity?
O $ 149300
$ 139000
$ 65300
$ 90900

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