The Balance Sheet at the beginning of the month shows Total Assets of $42,850 and during the month the following transactions occurred: (a) Purchase of $13,000 of inventory for cash; (b) Purchase of $30,000 of machinery on account, and (c) Retirement of $13,000 of debt with cash. Required: What are Total Assets at the end of the month? $

The Balance Sheet at the beginning of the month shows Total Assets of $42,850 and during the month the following vansactions occurred: (a) Purchase of $13,000 of inventory for cosh; (b) Purchase of $30,000 of machinery on account, and (c) Retirement of $13,000 of debt with cash. Required What ate Total Assets at the end of the month? 5