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Presented below is selected information related to Salim Company at December 31, 2010. Salim reports financial information monthly. Accounts Payable $ 3,000 Salaries Expense $16,500
- Presented below is selected information related to Salim Company at
December 31, 2010. Salim reports financial information monthly.
Accounts Payable $ 3,000 Salaries Expense $16,500
Cash 7,000 Note Payable 25,000
Advertising Expense 6,000 Rent Expense 10,500
Service Revenue 54,000 Accounts Receivable 13,500
Equipment 29,000 Drawings 7,500
Required: Determine the total assets of Salim Company at December 31, 2010?
- $49,500
- $52,500
- $57,000
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