Mag, inc.'s december 31, year 5 unadjusted current assets and stockholders' equity sections are as follows: current assets: cash $ 15,000 investments in marketable equity securities (including $75,000 of mag, inc. common stock) 100,000 trade accounts receivable 85,000 inventories 37,000 total $237,000 stockholders' equity: common stock $556,000 retained earnings (deficit) (56,000) total $500,000 the investments and inventories are reported at their costs, which approximate market values. mag's stockholders' equity at december 31, year 5, should be

All of the following led to the collapse of the soviet economy except a. a lack of worker incentives. c. inadequate supply of consumer goods. b. a reliance on production quotas. d. the introduction of a market economy.

Each row in a database is a set of unique information called a(n) table. record. object. field.

Shawshank real estate agency. oct. 1 pete shawshank begins business as a real estate agent with a cash investment of $25,000 in exchange for common stock. 2 hires an administrative assistant. 3 purchases office furniture for $2,900, by paying $700 cash with the balance on account. 6 sells a house and lot for n. kidman, earning a fee of $3,600, with $600 collected in cash and the balance billed to n. kidman. 27 pays $900 on the balance related to the transaction of october 3. 30 pays the administrative assistant $2,300 in salary for october. 31 collects $1,200 of the balance owed by n. kidman. instructions: (a) journalize the transactions. (you may omit explanations.) (b) what balance would shawshank real estate agency report for accounts payable in its october 31 financial statements? in which category of which financial statements would it be found? (c) what balance would shawshank real estate agency report for accounts receivable in its october 31 financial statements? in which category of which financial statements would it be found?