Marvin Services Corporation had the following accounts and balances: - 14325

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yousafbhutta

yousafbhutta

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  • From: Business,
  • Posted on: Tue 09 Oct, 2012
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Request Description

 

Marvin Services Corporation had the following accounts and balances:

Accounts payable

$12,000

 

Equipment

$14,000

Accounts receivable

2,000

 

Land

14,000

Buildings

?

 

Unearned service revenue

4,000

Cash

6,000

 

Total stockholders' equity

?



If total stockholder's equity was $38,000, what would be the balance of the Buildings Account?

 

$54,000

 

 

$18,000

 

 

$14,000

 

 

$58,000

Solution Description

 

Marvin Services Corporation had the following accounts and balances:

Accounts payable

$12,000

 

Equipment

$14,000