Question
Crane Company compiled the following financial information as of December 31: Revenues $330,000 Owner's Capital (Jan. 1) 59,000 Equipment 79,000 Expenses 248,000 Cash 89,000 Owner's
Crane Company compiled the following financial information as of December 31:
| Revenues | $330,000 |
| Owner's Capital (Jan. 1) | 59,000 |
| Equipment | 79,000 |
| Expenses | 248,000 |
| Cash | 89,000 |
| Owner's Drawings | 19,000 |
| Supplies | 19,000 |
| Accounts receivable | 39,000 |
| Accounts payable | 69,000 |
What are the total assets as of December 31?
Group of answer choices
$197,000
$256,000
$171,000
$226,000
$298,000
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Accounting What The Numbers Mean
Authors: David Marshall, Wayne William McManus, Daniel Viele
7th Edition
0073011215, 9780073011219
