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The adjusted trial balance of Panther Pathways is presented below. Using this information, what is the company's total assets? Trial Balance Debit Credit Cash 12,000

The adjusted trial balance of Panther Pathways is presented below. Using this information, what is the company's total assets?

Trial Balance

Debit Credit

Cash 12,000

Accounts Receivable 40,000

Note Receivable 7,000

Interest Receivable 420

Allowance for Doubtful Accounts 4,600

Merchandise Inventory 44,000

Prepaid Insurance 2,8000

Prepaid Rent 5,400

Furniture and Equipment 125,000

Accumulated Depreciation -- F. & E. 27,500

Accounts Payable 10,800

Salaries Payable 5,800

Common Stock 44,000

Retained Earnings 55,000

Sales 280,000

Interest Revenue 420

Cost of Goods Sold 111,000

Salaries Expense 55,800

Rent Expense 7,400

Insurance Expense 2,000

Bad Debt Expense 2,800

Depreciation Expense 12,500

428,120 428,120

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