Which of the following transactions would increase total ass…
Which of the following transactions would increase total assets? Borrowed cash on a note payable, $80,000. Provided services on account, $10,000. Received cash from a customer as payment on account, $8,000. Received a utility bill, $1,200.
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Round all dollar amounts to the nearest dollar. On January 1, 2021, Bryan Corp., a calendar year company, had liabilities of $264,000 and assets of $615,000. During 2021, Bryan had the following transactions: Issued common stock for $50,000 cash. Purchased $35,000 of supplies on account. Paid expenses of $32,000. Sales on account totaled $134,000. Paid dividends of $14,000. What is the 2021 ending balance in Stockholders’ Equity for Bryan Corp.?
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