Answer the following question based on the scenario in Learning Activity 5. What is the amount of total assets based on the balance sheet at 12/31/2022?

a) $ 3,023 b) $33,980 c) $ 4,770 d) $28,957

Answer the following question based on the scenario in Learning Activity 5. What is the cash amount on the balance sheet for W & M Partnership at 12/31/2022?

a) $ 5,000 b) $21,410 c) $26,410 d) $28,957