Answer:
B. $ 23 comma 000 $23,000
Explanation:
Following equation to calculate the common stock Value
Total Debit = Total Credit
40,500 = $17,500 + Common stock value
Common stock value = $40,500 - $17,500 = $23,000
<u>Accounts with Credit balances</u>
Accounts Payable $7,000
Revenue $6,000
Common Stock ?
Notes Payable $4,500
Total Debit balances $17,500
<u>Accounts with Debit balances</u>
Cash $3,000
Expenses $16,500
Furniture $10,000
Accounts Receivable <u>$11,000</u>
Total Debit balances 40,500
