Question: please post a detail answer & explain why .... At year-end, a company's records show the following accounts and amounts. All accounts have normal balances.

please post a detail answer & explain why ....

please post a detail answer & explain why .... At year-end, a

At year-end, a company's records show the following accounts and amounts. All accounts have normal balances. What are total assets? Cash Accounts receivable Supplies Equipment Land Accounts payable $6,000 7,000 2,000 14,000 25,000 8,000 Common stock Dividends Consulting fees earned Rent expense Salaries Expense Telephone Expense $42,000 3,000 15,000 3,000 4,000 1,000

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