CVS Health Corp. had the following transactions during January, the first month of its operations:...
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CVS Health Corp. had the following transactions during January, the first month of its operations: Issued 20,000 shares of common stock in exchange for $280,000. Purchased equipment for $560,000, using a $140,000 cash down payment and signing a note payable for the balance. Received $3,500 from a customer for services to be performed in February. Made a $42,000 payment on the note payable from the purchase of the equipment. Total monthly sales: Cash sales $105,000 Credit Sales (Acct. Receivable): $50,400 Purchased supplies on credit for $44,800. . Collected $16,800 from customers on account. Paid $3,500 for January employee wages. Received a utility bill for $1,300 which will be paid next month. What is Total Stockholders' Equity at the end of January?
CvS Health Corp. had the following transactions during January, the first month of its operations: - Issued 20,000 shares of common stock in exchange for $280,000. - Purchased equipment for $560,000, using a $140,000 cash down payment and signing a note payable for the balance. - Recelved $3,500 from a customer for services to be performed in February. - Made a \$42.000 payment on the note payable from the purchase of the equipment. - Total monthly sales: Cash sales $105,000 Credit Sales (Acct. Receivable): $50,400 - Purchased supplies on credit for $44,800. - Collected \$16,800 from customers on account. - Paid \$3,500 for January employee wages. - Recelved a utility bill for \$1,300 which will be paid next month. What is Total Stockholders' Equity at the end of January
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