A company had the following accounts and balances as of December 31: Account Cash Accounts Receivable Supplies Prepaid Insurance Accounts Payable Total equity Lodging Revenue Salaries Expense Utilities Expense Totals Multiple Choice Debit $ 20,000 2,000 1,500 1,400 $24,900. Credit $ 4,000 14,900 7,000 Using the information in the table, calculate the total assets reported on the balance sheet for the period. 500 500 $ 25,900 $ 25,900

A company had the following accounts and balances as of December 31: Using the information in the table, calculate the total assets reported on the balance sheet for the period. Multiple Choice $24,900