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The balance in all assets accounts combined is $ 1 0 0 , 0 0 0 on December 1 During December, the following transactions took

The balance in all assets accounts combined is $100,000 on December 1 During December, the following transactions took place:
Purchase of $10,000 of inventory for cash.
Purchase of $15,000 of machinery on account.
Retirement of $20,000 in bonds with cash.
What is the combined December 31 balance in the asset accounts?

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The combined December 31 balance in the asset accounts is 95000 Heres the breakdown of the transacti... blur-text-image

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