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Following is an extract of account balances of Aztec Moving Services as of December 31, after the first year of operation. Accounts Receivable $7,000 Accounts
Following is an extract of account balances of Aztec Moving Services as of December 31, after the first year of operation.
Accounts Receivable | $7,000 |
Accounts Payable | 5,000 |
Salaries Expense | 6,000 |
Repairs Expense | 600 |
Truck | 8,000 |
Equipment | 9,000 |
Notes Payable | 8,400 |
Cash | 7,500 |
Supplies Expense | 1,500 |
Service Revenue | 32,000 |
Gasoline Expense | 3,800 |
Salaries Payable | 500 |
What is the amount of total assets at the end of the year?
A. $24,500
B. $15,000
C.$31,500
D. $17000
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