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Qu 1 6 11 Bobby Bones has just joined Bad Manufacturing Limited. His first task is to prepare the financial statements of the company for

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Qu 1 6 11 Bobby Bones has just joined Bad Manufacturing Limited. His first task is to prepare the financial statements of the company for the end of the accounting cycle. He was provided with the following list of post-adjustment trial balances. Account Name Debit Credit Accounts Payable $2,150,000.00 Accounts Receivable $3,500,000.00 Accumulated Depreciation Equipment $15,000,000.00 Administration and General Expenses $11,800,000.00 Cash at the Bank $3,500,000.00 Cost of Goods Sold $15,000,000.00 Equipment $75,000,000.00 Interest Payable $1,500,000.00 16 21 Fin Interest Revenue $250,000.00 Land $800,000.00 $900,000.00 $35,000,000.00 Long-Term Investments Long-Term Loans Merchandise Inventory Prepaid Expenses Retain Earnings Sale Returns and Allowances Sales and Distribution Expenses $750,000.00 $120,000.00 $11,545,000.00 $1,450,000.00 $29,000,000.00 $240,000.00 Sales Discounts $95,000,000.00 Sales Revenue (Gross) Share Capital $18,000,000.00 Exac $2.000.000.00 Sales Revenue (Gross) Share Capital Tax Expenses Unearned Revenue 395,000,000.00 $18,000,000.00 $2,000,000.00 $450,000.00 Required: What is value of total assets based on the post-adjustment trial balances? Select one: a. $114,270,000 b. $69,570,000 c. $84,570,000 d. $55,570,000

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