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Question(s) / Instruction(s):

ACCT 2121 Following are accounts and their balances for ABC Corporation at 12/31/11. Calculate total stockholders’ equity at the end of the year.

Present your answer as a number with no commas or decimals.

Accounts Payable                                               10,000

Accounts Receivable                                         17,000

Advertising Expense                                          2,500

Cash                                                                      35,000

Contributed Capital                                         25,000

Dividends                                                               2,200

Notes Payable                                                    7,500

Rent Expense                                                     3,000

Retained Earnings, BEGINNING of Year       7,800

Service Revenue                                                 23,000

Supplies                                                                 4,000

Wages Expense                                                                  9,600

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