Solved: If the balance of the buildings account was 16000 and 4000, Accounting Basics

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If the balance of the buildings account was 16000 and 4000

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

Accounts payable $12,000

Equipment $14,000Accounts receivable 2,000

Land14,000 Buildings?

Unearned service revenue 4,000 Cash 6,000

Total stockholders' equity?

If the balance of the Buildings account was $16,000 and $4,000 of Accounts Payable were paid in cash, what would be the total liabilities and stockholders' equity?

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Accounting Basics: If the balance of the buildings account was 16000 and 4000

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Accounting Basics: If the balance of the buildings account was 16000 and 4000

Reference No:- TGS02931959

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