12. A company's balance sheet shows: cash $22,000, accounts receivable S16,000, office equipment S50.000, and accounts payable $17.000. What is the amount of owner's equity? A. $17,000 B. S29,000 C. $71,000 D. $88,000 E. S105,000 A company reported total equity of $145,000 at the beginning of the year. The company reported $210,000 in revenues and S165,000 in expenses for the year. Liabilities at the end of the year totaled $92,000. What are the total assets of the company at the end of the year? A. $45,000 B. $92,000. C. $98,000. D. $210.000 E. $282,000 14. Robert Haddon contributed S70,000 in cash and land worth $130,000 to open a new business, RH Consulting. Which of the following general journal entries will RH Consulting make to record this transaction? A. Debit Assets $200,000; credit Haddon, Capital, $200,000 B. Debit Cash and Land, $200,000 credit Haddon, Capital, $200,000 C. Debit Cash $70.000; debit Land $130,000; credit Haddon, Capital, $200,000. D. Debit Haddon, Capital , S200,000; credit Cash $70,000, credit Land, S130,000 E. Debit Haddon, Capital, S200,000; credit Assets, $200,000. 18 On September 30, the Cash account of Value Company had a normal balance of $5,000. During September, the account was debited for a total of $12,200 and credited for a total of $11.500. What was the balance in the Cash account at the beginning of September? A. A SO balance. B. A $4,300 debit balance C. A $4,300 credit balance. D. A $5,700 debit balance E. A S5,700 credit balance. 16. On April 30, Holden Company had an Accounts Receivable balance of 18,000. During the month of May. total credits to Accounts Receivable were $52,000 from customer payments. The May 31 Accounts Receivable balance was $13,000. What was the amount of credit sales during May? A. $5,000. B. S47,000. C. S52.000 D. $57,000