Flores Realty Corporation had the following balance sheet accounts and balances: $\begin{array}{lrlr}
\text { Accounts Payable } & \$ 6,000 & \text { Common Stock }&? \
\text { Accounts Receivable } & 1,000 & \text { Equipment } & \$ 7,000 \
\text { Building } & ? & \text { Land } & 7,000 \
\text { Cash } & 3,000 & \text { Retained Earnings } & 2,000
\end{array}$ If the balance of the Building account were $8,000 and $3,000 of Accounts Payable were paid in cash,what would be the total liabilities and stockholders' equity?

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The Answer of Flores Realty Corporation had the following balance sheet accounts and balances: $\begin{array}{lrlr}
\text { Accounts Payable } & \$ 6,000 & \text { Common Stock }&? \
\text { Accounts Receivable } & 1,000 & \text { Equipment } & \$ 7,000 \
\text { Building } & ? & \text { Land } & 7,000 \
\text { Cash } & 3,000 & \text { Retained Earnings } & 2,000
\end{array}$ If the balance of the Building account were $8,000 and $3,000 of Accounts Payable were paid in cash,what would be the total liabilities and stockholders' equity?

Flores Realty Corporation Had the Following Balance Sheet Accounts and Balances