CVS Health Corp. had the following transactions during January, the first month of its operations:...
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CVS Health Corp. had the following transactions during January, the first month of its operations:
-Issued 20,000 shares of common stock in exchange for $280,000.
-Purchased equipment for $560,000, using a $140,000 cash down payment and signing a note payable for the balance.
-Received $3,500 from a customer for services to be performed in February.
-Made a $42,000 payment on the note payable from the purchase of the equipment.
-Total monthly sales: Cash sales $105,000 Credit Sales (Acct. Receivable): $50,400
-Purchased supplies on credit for $44,800.
-Collected $16,800 from customers on account
-Paid $3.500 for January employee wages.
-Received a utility bill for $1,300 which will be pald next month.
What is Total Stockholders' Equity at the end of January?
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