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Jonell Company compiled the following financial information as of December 31: Service revenue: $850,000 Owner's equity: $750,000 Equipment: $180,000 Operating expenses: $675,000 Cash: $200,000

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Jonell Company compiled the following financial information as of December 31: Service revenue: $850,000 Owner's equity: $750,000 Equipment: $180,000 Operating expenses: $675,000 Cash: $200,000 Drawings: $45,000 Supplies: $55,000 Accounts payable: $85,000 Accounts receivable: $90,000 Jonell's assets on December 31 are O $750,000 $345.000 $525,000 O $520,000 Subent Fewer

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