Reference no: EM132947086
Question - The December 31, 2021 (pre-closing) adjusted trial balance for Kline Enterprises was as follows:
Account Title Debits Credits
Accounts payable ? 90,000
Accounts receivable 179,000 ?
Accumulated depreciation - equipment ? 269,000
Common stock ? 499,000
Cash 35,000 ?
Cost of goods sold 489,000 ?
Depreciation expense 69,000 ?
Equipment 718,000 ?
Interest expense 6,000 ?
Inventory 159,000 ?
Note payable (due in six months) ? 69,000
Rent expense 39,000 ?
Retained earnings ? 73,000
Salaries payable ? 17,000
Sales revenue ? 797,000
Salaries expense 129,000 ?
Required - Compute Kline's 12/31/2021 total shareholder equity?
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