Question: Sampson Corporation issues common stock for $ 2 5 , 0 0 0 cash and uses some of the proceeds to purchase equipment for $

Sampson Corporation issues common stock for $25,000 cash and uses some of the proceeds to purchase equipment for $10,000 cash. Sampson also purchases $4,000 of supplies on account. After recording these transactions total assets are
Multiple choice question.
$14,000.
$35,000.
$39,000.
$19,000.
$29,000.

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