Solution-What is the ending stockholders equity amount

What is the ending stockholders equity amount

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Reference no: EM133100821

Question - The company began doing business this year and had the following activity during the year.

a. $100,000 cash is received in exchange of 10,000 shares of stock.

b. The company received a loan of $30,000.

c. The company buys $20,000 worth of equipment with cash.

d. The company provides services for cash and is paid $50,000.

e. The company provides services on credit in the amount of $10,000 to be paid next year.

f. First year's dividends declared and paid are $2,000.

g. The company paid $35,000 for various expenses.

Required - What is the ending stockholders' equity amount at the end of the year?

Reference no: EM133100821

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What is the ending stockholders equity amount

Reference no: EM133100821

Reference no: EM133100821

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