Question $2$

Hoosier Inc. is a new company that started operations in April. The April transactions were as follows:

Purchased supplies costing $$600.$ The supplies were purchased on account.

Purchased equipment costing $$2,000.$ Financed the purchase with a note payable.

Received $$4,000$ from customers for services provided in April.

Prepaid $$3,000$ for a six$-$month insurance policy. The policy is for May through September.

Paid the April employee wages, $$1,500.$

Declared and paid dividends, $$100.$

What were total assets on April $30$th$?$

None of the other answers are correct

$$1,000$

$$5,100$

$$2,100$

$$5,000$