Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

Exercise 18

On November 1, 2015, RockCreek Corporation invested $50,000 in a new delivery truck.he truck is being depreciated at a monthly rate of $750.uring 2015, the company issued stock for $80,000 and declared dividends of $10,000.ts net income in 2015 was $90,000.ockCreek's ending Retained Earnings balance as reported in its December 31, 2015, balance sheet was $100,000.ts beginning Capital Stock balance on January 1, 2015, was $150,000.iven this information, determine the total stockholders' equity reported in the company's balance sheet dated December 31, 2015.