Business, 07.03.2020 03:10 lexis1446

The following is a balance sheet for Jim Henson Yard Service at December 31, 2014. Assets Cash $13,000 Accounts receivable 6,000 Supplies 9,000 Equipment 11,000 Total assets $39,000 Liabilities and Stockholders' Equity Liabilities Accounts payable $ 8,000 Notes payable 15,000 Stockholders' equity Common stock 16,000 Total liabilities & stockholders' equity $39,000 The following additional data are available for the following year, 2015: All expenses (excluding supplies expense) total $6,000 for the year. On January 1, 2016, supplies were $11,000, and $7,000 of supplies were purchased during the year. Net income for the year was $8,000 and dividends paid were $9,000. What is the stockholder’s equity on December 31, 2015?

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The following is a balance sheet for Jim Henson Yard Service at December 31, 2014. Assets Cash $13,0...

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