Question
Use the following information to calculate total Assets for the year ended December 31, 2011: Supplies$500Revenues$17,000 Operating Expenses10,000Cash16,000 Accounts Payable11,000Dividends6,000 Accounts Receivable4,000Notes payabl2,000 Common stock10,000Equipment7,500
Use the following information to calculate total Assets for the year ended December 31, 2011:Â
Supplies                              $  500               Revenues       $17,000
Operating Expenses              10,000               Cash               16,000
Accounts Payable                  11,000               Dividends        6,000
Accounts Receivable               4,000               Notes payabl  2,000
Common stock                      10,000             Equipment       7,500
Retained earnings                     4,000 Â
Â
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