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The balance in all assets accounts combined is $100,000 on 0ecember1 During December, the following transactions took place: Purchase of $10,000 of inventory for cash.

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The balance in all assets accounts combined is $100,000 on 0ecember1 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? Multiple Choice 0 None of the other alternatives are correct $115,ooo $80.0 00 $105,000 0 O O 0 $95,000

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