Wiley Hill Opened Hill's Repairs on March 1 of the Current

question 99

Multiple Choice

Wiley Hill opened Hill's Repairs on March 1 of the current year.During March,the following transactions occurred and were recorded in the company's books:
Wiley,the sole stockholder,invested $25,000 cash in the business in exchange for common stock.
Wiley contributed $100,000 of equipment to the business in exchange for common stock.
The company paid $2,000 cash to rent office space for the month of March.
The company received $16,000 cash for repair services provided during March.
The company paid $6,200 for salaries for the month of March.
The company provided $3,000 of services to customers on account.
The company paid cash of $500 for utilities for the month of March.
The company received $3,100 cash in advance from a customer for repair services to be provided in April.
The company paid Wiley $5,000 cash as a dividend.
Based on this information,total stockholder's equity reported on the balance sheet at the end of March would be:

• A) $133,400.
• B) $130,300.
• C) $125,300.
• D) $8,400.
• E) $13,500.