Skysong, Inc. had the following accounts and balances: Accounts payable $31100   Equipment $35300 Accounts receivable 4500   Land 35400 Buildings ?   Unearned service revenue 10500 Cash 15450   Total stockholders' equity ? If the balance of the Buildings account was $83000, what would be the total of liabilities and stockholders' equity?   $173650 $121550 $169150 $132050

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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is