Compute kline total shareholders equity

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Reference no: EM132744826

The December 31 2021 pre closing adjusted trial balance for Kline enterprise was as follows:

Acc payable 101,000

Acc Rec 181,000

Accum Depreciation-equipment 271,000

common stock 501,000

cash 37,000

COGS 492,000

depreciation expense 71,000

Equipement 722,000

Interest expense 8,000

inventory 161,000

note payable due in 6 months 71,000

rent expenses 41,000

retainend earnings 77,000

salaries payable 19,000

sales revenue 803,000

salaries expenses 131,000

Totals Deb: 1,843,000. Cr 1,843,000

Problem 1: Compute Kline's 12/31/2021 total shareholders equity

Reference no: EM132744826

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