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ABC Company has the following accounts and balances at December 31. Service Revenue $200,000 Cash $25,000 Accounts Payable $13,000 Prepaid Rent $2,400 Salary Expense
ABC Company has the following accounts and balances at December 31. Service Revenue $200,000 Cash $25,000 Accounts Payable $13,000 Prepaid Rent $2,400 Salary Expense $30,000 Accounts Receivable $13,000 What is the amount of total assets? A) $38,000 Unearned Revenue $2,500 Utilities Expense $5,000 B) $40,500 C) $40,400 D) $53,400
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