Answered step by step
Verified Expert Solution
Question
1 Approved Answer
From the following information what is the total Assets for Zack's Brokerage: Commissions income $50,000. Accounts payable 3,500. Accounts receivable, net 5,000. Zachs Capital at
From the following information what is the total Assets for Zack's Brokerage:
Commissions income $50,000.
Accounts payable 3,500.
Accounts receivable, net 5,000.
Zachs Capital at 12/31/XX 103,500.
Office equipment, net 10,000.
Advertising expense 3,200.
Cash and cash equivalents 8,000.
Land 35,000.
Notes payable 50,000.
Insurance expense 1,500.
Real estate taxes 9,000.
Salaries expense 12,000.
Salaries payable 1,000.
Building, net 100,000.
Total Assets Fill in #?
A. | $104,500 | |
B. | $182,200 | |
C. | $103,500 | |
D. | $158,000 | |
E. | None of the Above |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started