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What is total stockholders equity after the transactions

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Question

A company's January 1, 2014 balance sheet reported total assets of $130,000 and total liabilities of $30,000. During January 2014, the following transactions occurred:

(A) the company issued stock and collected cash totaling $40,000;

(B) the company paid an account payable of $7,000;

(C) the company purchased supplies for $2,000 with cash;

(D) the company purchased land for $50,000 paying $20,000 with cash and signing a note payable for the balance.

What is total stockholders' equity after the transactions above?

Reference no: EM132346184

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