The following information is provided for Sacks Company. Cash $12,000 Supplies 4,500 Prepaid rent 2,000 Salaries expense
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Question:
Cash $12,000
Supplies 4,500
Prepaid rent 2,000
Salaries expense 4,500
Equipment 65,000
Service revenue 30,000
Miscellaneous expenses 20,000
Dividends 3,000
Accounts payable 5,000
Common stock 68,000
Retained earnings 8,000
What is the amount of total assets?
A. $81,500.
B. $82,500.
C. $68,500.
D. $83,500.
Related Book For
Fundamental financial accounting concepts
ISBN: 978-0078025365
8th edition
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
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