80.2K
Verified Solution
Link Copied!
At December 31, 2022, the balance sheet accounts for Herring & Alston Corp. were as follows:
Notes payable (due in equal installments over two years) = $76,000
Cash = $154,000
Accumulated depreciation - buildings = $13,000
Salaries payable = $32,000
Buildings = $53,000
Accounts receivable = $65,000
Prepaid insurance = $9,000
Common stock = $71,000
Accounts payable = $25,000
Retained earnings = $64,000
For the companys classified balance sheet, how much is its total shareholders equity amount for December 31, 2022?
Answer & Explanation
Solved by verified expert