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Given the information below Answer the questions. Account Title Debit Credit Cash $ 2 2 0 0 0 Accounts receivable 1 1 0 0 0

Given the information below Answer the questions.


Account Title Debit Credit

Cash $22000

Accounts receivable 11000

Prepaid expenses 4000

Equipment 171000

Building 100000

Accounts payable $30000

Note payable 120000

Share capital 102000

Retained earnings 40000

Dividends 22000

Catering revenue 94000

Wage expense 20000

Food expense 14000

Rent expense 12000

Supplies expense 7000

Advertising expense 3000

Total $386000 $386000

Required:

What are the total assets of the company as at December 31,2019?

 

 

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