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Bologna Lodging had the following accounts and balances as of December 31: AccountDebitCreditCash$20,000Accounts Receivable2,000Salaries Expense500Accounts Payable$4,000Lodging Revenue7,000Utilities Expense500Prepaid Insurance1,400Supplies1,500Common Stock10,000Retained Earnings4,900Totals$25,900$25,900Using the information in the

Bologna Lodging had the following accounts and balances as of December 31:

AccountDebitCreditCash$20,000Accounts Receivable2,000Salaries Expense500Accounts Payable$4,000Lodging Revenue7,000Utilities Expense500Prepaid Insurance1,400Supplies1,500Common Stock10,000Retained Earnings4,900Totals$25,900$25,900Using the information in the table, calculate thetotal assetsreported on Bologna's balance sheet for the period.

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