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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 $5,000 Accounts
Following is an extract of account balances of Aztec Moving Services as of December 31, after the first year of operation Accounts Receivable $5,000 Accounts Payable 4,000 Salaries Expense 4,000 Repairs Expense 600 Truck 11,000 Equipment 9,000 Notes Payable 8,500 Cash 7.000 Supplies Expense 1,600 Service Revenue 31,000 Gasoline Expense 3.100 A $27,000 B. $32,000 OC. $20,000 D. $16,000 Accounts Payable Salaries Expense Repairs Expense Truck Equipment Notes Payable Cash Supplies Expense Service Revenue Gasoline Expense Salaries Payable 4,000 4,000 600 11,000 9,000 8,500 7,000 1,600 31,000 3,100 200 What is the amount of total assets at the end of the year? O A. $27,000 OB. $32,000 O C. $20,000 OD. $16,000
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