What are the Total assets? Debit Credit Cash $20,200.00 Accounts Receivable 70,6
ID: 2599549 • Letter: W
Question
What are the Total assets?
Debit
Credit
Cash
$20,200.00
Accounts Receivable
70,600.00
Supplies
2500.00
Shop Equipment
26,600.00
Accumulated Depreciation: Shop Equipment
$9,600.00
Accounts Payable
18,000.00
Notes Payable
3,700.00
Income Taxes Payable
26,700.00
Common Stock
22,200.00
Retained Earnings
5,900.00
Dividends
16,700.00
Sales
127,400.00
Cost of Goods Sold
35,600.00
Rent Expense
9,000.00
Wages Expense
26,700.00
Supplies Expense
2,900.00
Utilities Expense
2,100.00
Depreciation Expense
600.00
$213,500.00
$213,500.00
Wildcat Accounting ServicesAdjusted Trail Balance
November 30th, 2014
Debit
Credit
Cash
$20,200.00
Accounts Receivable
70,600.00
Supplies
2500.00
Shop Equipment
26,600.00
Accumulated Depreciation: Shop Equipment
$9,600.00
Accounts Payable
18,000.00
Notes Payable
3,700.00
Income Taxes Payable
26,700.00
Common Stock
22,200.00
Retained Earnings
5,900.00
Dividends
16,700.00
Sales
127,400.00
Cost of Goods Sold
35,600.00
Rent Expense
9,000.00
Wages Expense
26,700.00
Supplies Expense
2,900.00
Utilities Expense
2,100.00
Depreciation Expense
600.00
$213,500.00
$213,500.00
Explanation / Answer
Calculate total assets :
so answer is b) $110300
Assets Current assets cash 20200 Account receivable 70600 Supplies 2500 93300 Non current assets Shop equipment 26600 Less: Accumlated dep (9600) 17000 Total Assets 110300Related Questions
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