Marvin Services Corporation had the following accounts and balances: $$\begin{array} { l r l r }
\text { Accounts payable } & \$ 18,000 & \text { Equipment } & \$ 21,000 \
\text { Accounts receivable } & 3,000 & \text { Land } & 21,000 \
\text { Buildings } & ? & \text { Unearned service revenue } & 6,000 \
\text { Cash } & 9,000 & \text { Total stockholders' equity } & ?
\end{array}$$ If total stockholder's equity was $57,000, what would be the balance of the Buildings Account?
A) $21,000
B) $81,000
C) $87,000
D) $27,000

Question

Marvin Services Corporation had the following accounts and balances: $$\begin{array} { l r l r } 
\text { Accounts payable } & \$ 18,000 & \text { Equipment } & \$ 21,000 \
\text { Accounts receivable } & 3,000 & \text { Land } & 21,000 \
\text { Buildings } & ? & \text { Unearned service revenue } & 6,000 \
\text { Cash } & 9,000 & \text { Total stockholders' equity } & ?
\end{array}$$ If total stockholder's equity was $57,000, what would be the balance of the Buildings Account?
A) $21,000
B) $81,000
C) $87,000
D) $27,000

Quizplus · Accepted Answer

The Answer of Marvin Services Corporation had the following accounts and balances: $$\begin{array} { l r l r } 
\text { Accounts payable } & \$ 18,000 & \text { Equipment } & \$ 21,000 \
\text { Accounts receivable } & 3,000 & \text { Land } & 21,000 \
\text { Buildings } & ? & \text { Unearned service revenue } & 6,000 \
\text { Cash } & 9,000 & \text { Total stockholders' equity } & ?
\end{array}$$ If total stockholder's equity was $57,000, what would be the balance of the Buildings Account?
A) $21,000
B) $81,000
C) $87,000
D) $27,000

Marvin Services Corporation Had the Following Accounts and Balances If Total Stockholder's Equity Was $57,000, What Would Be the