Given the following list of accounts, calculate Total Assets using: Accounts Receivable $ 5,000 Capital Stock 20,000

Question:

Given the following list of accounts, calculate Total Assets using: $ 5,000 Capital Stock 20,000 Cash 19,300 Equipment 15,400 Fees Earned 44,400 Miscellaneous Expense 18,200 Rent Expense 4,150 Retained Earnings 6,550 Wages Expense 13,90 Possible answers A 39700 B 46250 C 59700 D 84100 2. What is the total cost of merchandise purchased for Dig, Inc. if they had the following merchandise transactions in October: Purchases - $50,000, Purchase returns - $4,000, Purchase discounts - $1,000, Transportation in - $2,000? Possible answers A 47000 B 48000 C 50000 D 52000.
Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...