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At the end of the first month of operations for SloMo Delivery Service, the business had the following accounts: Accounts Receivable, $12,200; Prepaid Insurance, $440;
At the end of the first month of operations for
SloMo Delivery Service, the business had the
following accounts: Accounts Receivable, $12,200;
Prepaid Insurance, $440; Equipment, $27,900 and
Cash, $22,500. On the same date, SloMo owed the
following creditors: Simpson Supply Company,
$18,700; Allen Office Equipment, $16,200.
The total assets for the SloMo Delivery Service
are?
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