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The following items are components of a traditional balance sheet. How much are the total assets of the firm? Plant and equipment $41,500 Common stock
The following items are components of a traditional balance sheet. How much are the total assets of the firm?
| Plant and equipment | $41,500 |
| Common stock | 15,000 |
| Cash | 6,600 |
| Inventory | 24,400 |
| Bad debt reserve | 6,000 |
| Additional paid-in capital | 6,000 |
| Accumulated depreciation | 27,300 |
| Accounts receivable | 22,000 |
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Fundamental Accounting Principles
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
20th Edition
1259157148, 78110874, 9780077616212, 978-1259157141, 77616219, 978-0078110870
