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  1. business
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  3. x company, a manufactures prepares monthly financi

X Company, a manufactures prepares monthly financial statements. On January 1, total equities were $116,861....

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Accounting

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X Company, a manufactures prepares monthly financial statements. On January 1, total equities were $116,861. The following transactions occurred during January Issued additional shares of stock for $102,000 Acquired $8,000 of direct materials, $3,672 of it paid for with cash, the rest bought on open account A one year rental agreement was signed for $5.400 per month Rent for the first two months was paid in advance Product sales were $110,000 $23.252 of which were cases the rest were on account Product costs were $53,600 Paid Wages and sales of $10,925 + Faid $23.252 to suppliers for materials that company had previously purchased on account . Collected $23,029 from customers who had previously purchased products from X Company on account What would total equities be on January 317 Ignore adjusting entries OA: 5122,117 OB $162415 OC: $216,012 OD: $287,296 OE: $382.104 OF $508,198 Submit Antwer Tries 0/99

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