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The following account balances were taken from ABC Com pany's unadjusted trial balance at December 31, 2027: ABC Company has not yet recorded adjusting entries
The following account balances were taken from ABC Com pany's unadjusted trial balance at December 31, 2027: ABC Company has not yet recorded adjusting entries rel ated to the following two items: (1) The note payable in the unadjusted trial balance was a 15%,10-month bank loan taken out on June 1,20 27. (2) The prepaid insurance in the unadjusted trial bal ance relates to a two-year insurance policy purchased on September 1, 2027. Calculate the total assets reported in ABC Company's b alance sheet at December 31, 2027 after the appropriate adjus ting entries have been recorded and posted
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