Question: Accounts were taken from Henry Company s unadjusted trial balance at December 3 1 , 2 0 2 7 : Accounts payable .

  Accounts were taken from Henry Companys 
 
unadjusted trial balance at December 31,2027:

Accounts payable ............ $59,000
Accounts receivable ......... $47,000
Cash ........................ $36,000
Common stock ................ $52,000
Cost of goods sold .......... $38,000
Income tax expense .......... $19,000
Insurance expense ........... $21,000
Inventory ................... $55,000
Land ........................ $61,000
Notes payable ............... $84,000
Prepaid insurance ........... $18,000
Rental revenue .............. $32,000
Repair expense .............. $14,000
Retained earnings ........... $65,000(at January 1,2027)
Sales revenue ............... $97,000
Supplies .................... $31,000
Trademark ................... $23,000
Wage expense ................ $26,000

Henry Company has not yet recorded adjusting entries
related to the following two items:

(1) $16,000 of supplies were used up during 2027.

(2) Henry Company has provided services to a customer
totaling $29,000 as of December 31,2027. However,
the customer has not yet paid Henry Company.

Calculate the total assets reported in Henry Company's
December 31,2027 balance sheet after the appropriate
adjusting entries have been recorded and posted.

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