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On December 1, Addy Corporation has total assets of $643,000. During the month of December, the following transactions occurred: 1| Purchased land for $212,000 cash
On December 1, Addy Corporation has total assets of $643,000. During the month of December, the following transactions occurred:
1| Purchased land for $212,000 cash 2| Collected $88,500 on accounts receivable 3| Purchased equipment for $135,500, paying $55,000 in cash and issuing a note payable for $80,500. 4| Paid $68,000 of the note payable. What are Addy Corporation's total assets on December 31?
Select one:
a. $935,500
b.$655,500
c. None of the answer choices
d. $990,500
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