Required information At the end of the first month of operations for SloMo Delivery Service, the business had the following accounts: Accounts Receivable, $1,230; Prepaid Insurance, $530; Equipment, $36,500 and Cash, $40,800. On the same date, SloMo owed the following creditors: Simpson Supply Company, $12,300; Allen Office Equipment, $9,650. The total assets for the SloMo Delivery Service are:

Which Multiple Choice Answer,

A) $77,300

B) $42,030

C) $42,560

D) $79,060