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?

Group of answer choices
$90,000
$141,000
$142,000
$170,000

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