Answer:
Seybert purchased the Wang investment for $80,000
Explanation:
given data
credit balance = $20,000
investment = $100,000
to find out
Seybert purchased the Wang investment for
solution
As here is a credit balance so that stock is increased by $20,000
the stock was purchased as
stock purchased = investment - credit balance ...................1
put here value we get
stock purchased cost = $100,000 - $20,000
stock purchased cost = $80,000
so Seybert purchased the Wang investment for $80,000
