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The Pierce Company started operations this month and had the following transactions: 1 Owners invested $45,000 to start company 1 Purchased a twelve month insurance

The Pierce Company started operations this month and had the following transactions: 1 Owners invested $45,000 to start company 1 Purchased a twelve month insurance policy for $3,000 12 Purchased $500 of supplies on account 20 Customers paid for $400 of services in advance. 25 Completed $3,200 of services for another customer. 30 Paid $6,800 in employee payroll. At the end of the month, $125 of supplies were on still hand. What amount of total assets does the company have at the end of the month

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