Tuesday 9 October 2012

Marvin Services Corporation had the following accounts and balances:

Marvin Services Corporation had the following accounts and balances:

Accounts payable

$12,000


Equipment

$14,000

Accounts receivable

2,000


Land

14,000

Buildings

?


Unearned service revenue

4,000

Cash

6,000


Total stockholders' equity

?



If total stockholder's equity was $38,000, what would be the balance of the Buildings Account?


$54,000

 


$18,000

 


$14,000

 


$58,000



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