Question
At the end of the first month of operations for SloMo Delivery Service, the business had the following accounts: Accounts Receivable, $1,220; Prepaid Insurance, $520;
At the end of the first month of operations for SloMo Delivery Service, the business had the following accounts: Accounts Receivable, $1,220; Prepaid Insurance, $520; Equipment, $36,400 and Cash, $40,750. On the same date, SloMo owed the following creditors: Simpson Supply Company, $12,200; Allen Office Equipment, $9,600.
The total assets for the SloMo Delivery Service are:
Multiple Choice
- $77,150
- $42,490
- $41,970
- $78,890
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
6th Canadian edition
1118644948, 978-1118805084, 1118805089, 978-1118644942
