The following information is provided for Sacks Company. Cash $12,000 Supplies 4,500 Prepaid rent 2,000 Salaries...
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The following information is provided for Sacks Company. Cash $12,000 Supplies 4,500 Prepaid rent 2,000 Salaries expense 4,500 Equipment 65,000 Service revenue 30,000 Miscellaneous expenses 20,000 Dividends 3,000 Accounts payable 5,000 Common stock 68,000 Retained earnings 8,000 What is the amount of total assets? Multiple Choice $83,500. $81,500. $82,500. The following information is provided for Sacks Company. Cash $12,000 Supplies 4,500 Prepaid rent 2,000 Salaries expense 4,500 Equipment 65,000 Service revenue 30,000 Miscellaneous expenses 20,000 Dividends 3,000 Accounts payable 5,000 Common stock 68,000 Retained earnings 8,000 What is the amount of total assets? Multiple Choice $83,500. $81,500. $82,500.
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