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Jel-U4c Company began operations on May 1, 2022 when owners invested $68,000 cash into the business in exchange for shares of stock. On June 1,
Jel-U4c Company began operations on May 1, 2022 when owners invested $68,000 cash into the business in exchange for shares of stock. On June 1, 2022, Je1-44c Company received $74,700 cash from its customers for services to be performed over the next 20 months. On August 1, 2022, Jel-U4c Company paid $21,000 for a two-year insurance policy. Je1-04c Company paid $43,000 on September 1, 2022 to purchase supplies. Je1-44c Company lent a customer $49,600 on a 9%, 10-month note receivable on October 1, 2022. Je1-04c Company received a $6,000 utility bill on December 31, 2022 for utility usage in 2022. However, Je1-04c Company will not pay the bill until January, 2023. Jel-U4c Company had supplies of $29,000 on hand at December 31, 2022. Calculate the amount of total assets reported in Je1-04c Company's December 31, 2022 balance sheet
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