Question
The adjusted trial balance of FIT Outfitters is presented below. Using this information, what is the company's total assets? Debit Credit Cash 5,100 Accounts Receivable
The adjusted trial balance of FIT Outfitters is presented below. Using this information, what is the company's total assets?
Debit Credit
Cash 5,100
Accounts Receivable 17,300
Prepaid Insurance 300
Office Supplies 250
Office Equipment 4,800
Accumulated Depreciation: Office Equipment
600
Accounts Payable 1 ,800
Interest Payable 50
Salaries Payable 200
Notes Payable 8,000
Unearned Commissions 700
Capital Stock 9,000
Retained Earnings 7,000
Dividends 2,000
Commission Revenue 16,800
Rent Expense 2,400
Salaries Expense 11,200
Insurance Expense 60
Office Supples Expense 650
Depreciation Expense 40
Interest Expense 50
Totals 44,150 44,150
Net Income or Loss
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