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Use the Trial Balance (Links to an external site.) for Hercules Inc. to answer the following: What are Total Assets on Hercules' Balance Sheet? Group
Use the Trial Balance (Links to an external site.) for Hercules Inc. to answer the following:
What are Total Assets on Hercules' Balance Sheet?
Group of answer choices
a. 0
b. 2,259,000
c. 2,589,000
d. 1,929,000
1 2 Hercules, Inc. Account # 101 3 4 5 111 121 131 6 7 Account Name Cash Accounts Receivable Inventory Equipment Less Accumulated Depreciation Accounts Payable Stock Dividends Revenue Expenses 141 201 301 315 Debit Credit $ 500,000 $ 627,000 $ 82,000 $ 1,050,000 $ 330,000 $ 422,000 $ 1,000,000 S 43,000 $ 975,000 $ 425,000 S $ 2,727,000 $ 2,727,000 8 9 9 10 11 401 12 501 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 E Sheet1Step by Step Solution
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