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  3. a company has the following trial balance (each ac

A company has the following trial balance (each account has a positive normal balance): ...

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Accounting

A company has the following trial balance (each account has a positive normal balance):

Accounts Payable 12,300
Accounts Receivable 21,230
Automobiles 48,000
Buildings 60,000
Common Stock 25,000
Cash 2,460
Service Fees Earned 17,420
Dividends 1,500
Insurance Expense 300
Interest Expense 200
Interest Payable 200
Land 40,000
Notes Payable 20,000
Supplies 1,680
Supplies Expense 5,320
Rent Expense 10,355
Retained Earnings 116,900
Wages Expense 1,245
Wages Payable 470

Calculate the total equity for this company.

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