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Homework answers / question archive / At December 31, 2017, the accounting records are as follows- Accounts payable $16,000 Accounts receivable $ 40,000 Land $240,000 Cash Capital stock Equipment $120,000 Building $180,000 Notes payable $190,000 Retained earnings $160,000 Referring to the above information, If Cash is $26,000, what is the December 31, 2017 capital stock balance?
At December 31, 2017, the accounting records are as follows-
| Accounts payable | $16,000 |
| Accounts receivable | $ 40,000 |
| Land | $240,000 |
| Cash | |
| Capital stock | |
| Equipment | $120,000 |
| Building | $180,000 |
| Notes payable | $190,000 |
| Retained earnings | $160,000 |
Referring to the above information, If Cash is $26,000, what is the December 31, 2017 capital stock balance?
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