Hello. I am having difficulty finding the stockholders Equity information. the o

ID: 2328276 • Letter: H

Question

Hello. I am having difficulty finding the stockholders Equity information. the only other information that I have not posted on the balance sheet is the personal bank account and personal mortgage which seems unnecessary to post on the balance sheet. Please help.

a. Alvarado has $17,000 in his personal bank account and $64,000 in the business bank account b. Alvarado owes $3,900 on a personal charge account at a local department store C. Alvarado acquired business furniture for $17,700 on July 24. Of this amount, the business d. e. owes $4,000 on accounts payable at July 31 Office supplies on hand at the real estate office total $4,000 Alvarado's business owes $129,000 on a note payable for some land acquired for a total price of S150,000 Alvarado's business spent $15,000 for a Hometown Realty franchise, which entitles him to represent himself as an agent Hometown Realty is a national affliation of independent real estate agents. This franchise is a business asset Alvarado owes $173,000 on a personal mortgage on his personal residence, which he f. g. Print Done

Explanation / Answer

Amount ($)

Total liabilities

133,000.00

Shareholders' equity

Amount in business account

64,000.00

Add: Business furniture purchased on personal account (17700 -4000)

13,700.00

77,700.00

Less: Personal charge

3,900.00

Owners’ equity

73,800.00

Total liabilities and equity

206,800.00