Question: Below are the final month end transactions for a new company just established: Entrepreneur invests $100,000 cash as sole stockholder in new company, the cash
Below are the final month end transactions for a new company just established: Entrepreneur invests $100,000 cash as sole stockholder in new company, the cash is from personal savings. Supplies Purchased on account $2,000 Fees Earned on account, $50,000 Wage Expense $5 000 on account (pay commissions on 10th of following month Supplies on hand end of month $1,000 Dividends $10,000 cash paid at end of month Create Balance Sheet from info above: The total of Assets are? $90,000 $141,000 O $142,000 $170,000
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