On January 5, Evergreen Market sold merchandise for $800 cash that cost $500.

Now total the assets as of the close of business on January 5, and show the new total.

Transcribed Image Text:

EVERGREEN MARKET BALANCE SHEET AS OF JANUARY Assets Cash Inventory Total 5 Liabilities & Equity 45,800 $45,000 Note Payable $10,000 4,500 5,000 Berg, Capital 40,000 $50,000 Total $50,000