Business, 19.02.2021 16:20 kaylanweston

A companyâ€™s January 1, 2014 balance sheet reported total assets of $120,000 and total liabilities of $40,000. During January 2014, the following transactions occurred: (A) the company issued stock and collected cash totaling $30,000; (B) the company paid an account payable of $6,000; (C) the company purchased supplies for $1,000 with cash; (D) the company purchased land for $60,000 paying $10,000 with cash and signing a note payable for the balance. What is total stockholdersâ€™ equity after the transactions above? A. $30,000.

B. $110,000.

C. $80,000.

D. $194,000.

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A companyâ€™s January 1, 2014 balance sheet reported total assets of $120,000 and total liabilities...

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