Question - Marvin Services Corporation had the following accounts and balances:
Accounts payable $12,000
Equipment $14,000Accounts receivable 2,000
Land14,000 Buildings?
Unearned service revenue 4,000 Cash 6,000
Total stockholders' equity?
If the balance of the Buildings account was $16,000 and $4,000 of Accounts Payable were paid in cash, what would be the total liabilities and stockholders' equity?