(Computation of balance sheet amounts)

Based upon the following information, compute total assets, total liabilities, and total capital; in addition, determine whether all of the accounts are listed.

(Note: This is the first month of operations of the business.)

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Cash $22,000 Accounts receivable 12,000 Accounts payable 15,000 Equipment 50,000 Rent expense 11,000 Service revenue 74,000 Notes payable 17,000 Accumulated depreciation 25,000 Depreciation expense 12,500 Office supplies 3,000 Office supplies expense 8,000 Salaries payable 4,000