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What would be the total liabilities and stockholders equity

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Reference no: EM132138508

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?

Reference no: EM132138508

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