Survey of Accounting 2nd Edition by Paul D. Kimmel Test bank

                      (b)            =            $120,000      +                      $70,000
                      (b)            =            $190,000 (End. liab. + End. stock. equity)

Solution 214          (Cont.)
 
(c)  Beginning     +       Revenues        –      Expenses          –      Dividends     =       Ending
      Stockholders'                                                       Stockholders'
      Equity                                                                           Equity
      $30,000(a)    +       $225,000         –      $165,000          –      (c)                =       $70,000
                                    $90,000          –                                    (c)                  =            $70,000
                                                                        (c)                                                 = $20,000
(Beg. stock. equity + Rev. – Exp. – End. stock. equity)
 
(d)                Assets        =        Liabilities       +     Stockholders' Equity
                  $130,000      =             (d)              +                  $70,000
                        (d)          =  $60,000 (Beg. tot. assets – Beg. stock. equity)