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Notes Payable 5,000 Retained Earnings, beginning of year 17,000 Common Stock 40,000 Service Revenue 53,000 Wages Expense 8,000 Advertising Expense 5,000 Rent Expense Cash Accounts
Notes Payable | 5,000 |
Retained Earnings, beginning of year | 17,000 |
Common Stock | 40,000 |
Service Revenue | 53,000 |
Wages Expense | 8,000 |
Advertising Expense | 5,000 |
Rent Expense Cash Accounts Receivable Supplies Accounts Payable | 10,000 70,000 28,000 4,000 10,000 |
Use the information above to answer the following question. What is the amount of total assets to be reported on the balance sheet at the end of the year?
A) $112,000.
B) $102,000.
C) $119,000.
D) $155,000.
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