Marvin Services Corporation had the following accounts and balances: If the balance of the Buildings account was $42,000 and $3,000 of Accounts Payable were paid in cash, what would be the balance of the total stockholders' equity?

Question

Marvin Services Corporation had the following accounts and balances:  If the balance of the Buildings account was $42,000 and $3,000 of Accounts Payable were paid in cash, what would be the balance of the total stockholders' equity?

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The Answer of Marvin Services Corporation had the following accounts and balances:  If the balance of the Buildings account was $42,000 and $3,000 of Accounts Payable were paid in cash, what would be the balance of the total stockholders' equity?

Marvin Services Corporation Had the Following Accounts and Balances