Marvin Services Corporation had the following accounts and balances Accounts payable Accounts receivable 18 000 Equipment 3 000

Question

Marvin Services Corporation had the following accounts and balances Accounts payable Accounts receivable 18 000 Equipment 3 000 Land 21 000 21 000 Buildings 6 000 Cash If the balance of the Buildings account was 24 000 and 6 000 of Accounts Payable were paid in cash what would be the total liabilities and stockholders equity 1 54 000 O2 78 000 3 48 000 Uneamed service revenue 9 000 Total stockholders equity 4 72 000

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