Waterway Industries had the following accounts and balances: Accounts payable $ Equipment $ 30000 35400 Accounts receivable 5450 Land 35700 Buildings Unearned service 9500 revenue Cash 15250 Total stockholders' ? equity

Waterway Industries had the following accounts and balances: Accounts payable $ Equipment $ 30000 35400 Accounts receivable 5450 Land 35700 Buildings Unearned service 9500 revenue Cash 15250 Total stockholders' ? equity

Name: Waterway Industries had the following accounts and balances:Accounts
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Description: Waterway Industries had the following accounts and balances:Accounts payable$Equipment3000035400Accounts receivable5450Land35700Buildings?Unearned service9500revenueCash15250Total stockholders'?equityIf total stockholder's equity is $ 90700, what is

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
30000
35400
Accounts receivable
5450
Land
35700
Buildings
?
Unearned service
9500
revenue
Cash
15250
Total stockholders'
?
equity
If total stockholder's equity is $ 90700, what is the balance of the Buildings account?
O $ 138900
$ 38400
O $ 35700
O $ 128900

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