A post-closing trial balance showed the following account balances: cash $5,000 short-term investments $2,000 equity investment $3,000

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A post-closing trial balance showed the following account balances:

cash $5,000

short-term investments $2,000

equity investment $3,000

accounts receivable $3,500

prepaid expenses $500

goodwill $1,000

property, plant and equipment $15,000

accumulated depreciation $5,000

The total assets would be

A). $25,000.
B). $10,000.
C). $35,000.
D). $15,000.

Related Book For answer-question

Accounting

ISBN: 978-0324401844

22nd Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac

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Posted Date: Jan 20, 2021 05:48 AM

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A post-closing trial balance showed the following account balances: cash $5,000 short-term investments $2,000 equity investment $3,000

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