The accounts of Mason Company at the end of the past year report the following amounts: AccountsAmountDividends…….$15,500Revenues……………………………$97,000Expenses…………………………….$43,800Stock issuances……………….....2,000If the beginning equity for the year was $173,000, calculate the ending equity for Mason Company.
What will be an ideal response?
$212,700
Beginning Equity + Stock issuances - Dividends + Revenues - Expenses = Ending Equity
$173,000 + $2,000 - $15,500 + $97,000 - $43,800 = $212,700
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