Question
In the beginning of April, Warren Corp. assets totaled $240,000 and liabilities of $60,000. During April the following summarized transactions occurred. Additional shares of stock
In the beginning of April, Warren Corp. assets totaled $240,000 and liabilities of $60,000. During April the following summarized transactions occurred.
Additional shares of stock were sold for $20,000cash. Abuilding costing $95,000 was purchased using cash and signing a $85,000 long term note payable.
Short term investment costing $9,000 were purchase using cash. $10,000 was paid to an employee as a loan; the employee signed a six month note in exchange for the loan. How much are the Warren Corp total assets at the end of April? $345,000, $249,000, $335,000 or $250,000.
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