Answer:
Option (D) is the right answer.
Explanation:
According to the scenario, the most appropriate answer is option ( D) because Stanley smith is a customer of the bank as he has a checking account in the bank.
While the other options are wrong because of the following reasons:
- Option (A) is incorrect because the company lucky licks Inc. is the customer of the bank, not any person.
- Option (B) is incorrect because Cara is not the customer of the bank as she only uses the bank's ATM.
- Option (C) is incorrect because Herman is not the customer of the bank as he only cashes his checks in the bank.
your going to have to put some more to that question
Answer:
Explanation:
The statement of stockholder's equity comprises common stock and retained earnings. The ending balance after adjustment shown in the attached spreadsheet.
And, the balance sheet comprises of the assets and liabilities. With the help of the accounting equation, the total assets are equal to the total liabilities including stockholder's equity.
The preparation of the statement of stockholders’ equity and the balance sheet is presented in the spreadsheet. Kindly find the attachment below: