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1. Cash $50,000 2. Accounts Receivable $20,000 3. Supplies - $10,000 4. Prepaid Insurance - $5,000 5. Equipment $3,000 6. Car $30,000 7. Car loan

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1. Cash $50,000 2. Accounts Receivable $20,000 3. Supplies - $10,000 4. Prepaid Insurance - $5,000 5. Equipment $3,000 6. Car $30,000 7. Car loan $12,000 8. Accounts Payable - $1,000 9. Contributions $35,000 10. Withdrawals $13,400 11. Sales Revenue - $100,000 12. Wages Expense - $8,000 13. Rent Expense - $4,000 14. Utilities Expense $1,500 15. Car Expense $2,000 16. Supplies Expense - $1,100 Answer the following: Total Assets: Total Liabilities: What is the total equity for the Car: What is Net Income: What is total equity for the catering service

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