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The following accounts were taken from ABC Company's unadjusted trial balance at December 31, 2018: ABC Company has not yet recorded adjusting entries related to
The following accounts were taken from ABC Company's unadjusted trial balance at December 31, 2018: ABC Company has not yet recorded adjusting entries related to the following three items: (1) The prepaid insurance in the unadjusted trial balance relates to a two-year insurance policy purchased on September 1, 2018. (2) Salaries earned by employees which have not yet been paid by ABC Company totaled $19,000. (3) On December 31, based on a physical count, ABC Company determined it had $16,000 of supplies still on hand. Calculate the total assets reported in ABC Company's balance sheet at December 31, 2018 after the appropriate adjusting entries have been recorded and posted. Do not use decimals in your
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