capital stock was issued in exchange for 360000 cash purchased 180,000 of equipment by making a 60,000 cash down payment and signing a note payable for the balance made a 35,000 cash payment on the note payable from the purchase of equipment. sold a piece of equipment for cash of 18,000. the equipment was sold at cost so there is no loss on the sale

what are the total assets of quality galleries at the end of March?

c. is always an exact percentage of a financial account balance d. Is measured as an item significant enough to influence the decisions of users of financial statements. stion 3 [The following information applies to the questions displayed below.] yet answered ked out of 1.00 The following transactions occurred during March, the first month of operations for Quality Galleries, Inc. Flag question * Capital stock was issued in exchange for $360,000 cash. * Purchased $180,000 of equipment by making a $60,000 cash down payment and signing a note payable for the balan * Made a $35,000 cash payment on the note payable from the purchase of equipment *Sold a piece of equipment for cash of $18,000. The equipment was sold at cost, so there is no gain or loss on the sale What are tota assets of Quality Galleries at the end of March? Select one: a. $283,000 b. $162,000 c. $445,000 d. $480,000 stion 4 Which of the following best defines an asset? Wet answered ced out of 1.00 Select one: Something with physical form that is valued at cost in the accounting records