Question

If cash is $7,115, accounts receivable is $11,420,notes payable is $6,819, retained earnings is $8,144 how...

If cash is $7,115, accounts receivable is $11,420,notes payable is $6,819, retained earnings is $8,144 how much is stockholders' equity?_____________

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Answer #1

The Stockholder's equity balance is = $ 11,716

Explanation :-

Firstly Computation of Total Assets

Total Assets = Cash + Accounts Receivables

= $7,115 + $11,420

= $18,535

Now we Compute the Total Liabilities

Total Liabilities = Notes Payable

= $6,819

Now We Compute Stockholder's equity

Stockholder's Equity = Total Assets - Total Liabilities

= $18,535 - $ 6,819

= $ 11,716

*Note :- Retained Earning is a part of Shareholder's Equity.

Shareholde's Equity = capital stock + retained earning
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