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Question: Based on the Partial Trial Balance and Additional Info shown below, what is the amount of the Total Assets shown on the Balance Sheet
Question: Based on the Partial Trial Balance and Additional Info shown below, what is the amount of the Total Assets shown on the Balance Sheet you prepared on your scratch paper? Adjusted Trial Balance As of 12/31/20xx Accounts Account Balances Cash $20,388 Accounts Receivable 28,000 Allowance for Uncollectible 4,000 Accounts Prepaid Rent 35,000 Equipment 40,179 Accumulated Depreciation 10,000 Accounts Payable 10,388 Deferred Revenue 10,000 Common Stock 30,000 Retained Earnings 10,000 Dividends 3,000 Service Revenue 65,179 Sales Discounts 1.000 Rent Expense 4,000 Interest Expense 4,000 Income Tax Expense 4,000 Additional Information: Net Income After-taxes for the Accounting Period equaled $52,179 Beginning Balance of Common Stock on 1/1/20xx $30,000 Beginning Balance of Retained Earnings on 1/1/20xx $10,000 No new stock was issued during the accounting period. Hint: Please remember the formula for retained earnings when preparing this statement Balance Sheet Question: Based on the Balance Sheet you prepared on your scratch paper, what is amount of the Total Stockholders' Equity shown on the Balance Sheet you prepared on your scratch paper? and decimal inte atenter the bar
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