What is the stockholder's equity ending balance of this period?

J

Justin Davis

New member
Based on this information, what would be the stockholder's ending equity for this period?

Cash - $6,030
Accounts Receivable - $2,100
Prepaid Expense - $700
Equipment - $13,700
Accumulated Depreciation - $1,100
Accounts Payable - $1,900
Notes Payable - $4,200
Capital Stock - $12,940
Dividends - $790
Fees Earned - $8,750
Wages Expense - $2,500
Rent Expense - $1,960
Utilities Expense - $775
Depreciation Expense - $250
Misc. Expense - $85

Choices:

A. $12,150
B. $15,330
C. $16,120
D. $12,940

Thanks!
 
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