Matlack Company begins operations on January 1, 2022, with $100,000 in common stock. At the end of 2022, Matlack has the following financial information:

Common Stock $100,000 Cash $40,000

Revenue 90,000 Accounts Receivable 25,000

Rent Expense 20,000 Accounts Payable 40,000

Utilities Expenses 10,000 Salaries Expense 35,000

Equipment 90,000 Dividends Paid 10,000

calculate the amount of total assets as of 12/31/22.

Answer rating: 100% (QA)

Answer 155000 EXPLANATION Computation of amount o... View the full answer