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The following information was taken from the accounting records of ABC Company for the period ended January 31, 2019: Cash $29,000 Retained Earnings $34,000 (
The following information was taken from the accounting records of ABC Company for the period ended January 31, 2019: Cash $29,000 Retained Earnings $34,000 (at January 1, 2019) Advertising Expense $17,000 Cost of Goods Sold $42,000 Rental Revenue $ 5,000 Supplies $21,000 Accounts Payable $50,000 Common Stock $74,000 Accumulated Depreciation $26,000 Accounts Receivable $60,000 Income Tax Expense $19,000 Inventory $46,000 Wage Expense $14,000 Sales Revenue $98,000 Patent $ 4,000 Buildings and Land $35,000 Calculate the amount of total assets at January 31.
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