Question
Using the Information presented in the adjusted trial balance below, what is the total assets that will be reported in the statement of financial position?
Using the Information presented in the adjusted trial balance below, what is the total assets that will be reported in the statement of financial position? [when typing numbers, do NOT use Dollar sign or any special characteristics, just type the number as it is] Account Dr Cr Cash Accounts receivable 3,050 400 Prepaid insurance 830 Office supples 80 Office equipment 4,200 Accumulated depreciation-office equipment 1,100 Building 98,000 Accumulated depreciation-buildings 28,000 Land 115,000 Weges payable 880 Property taxes payable 1,400 Interest payable 2.200 Unearned rent 460 Notes payable Share Capital Dividends Rent earned Wages expense 150,000 40,340 21,000 57,500 25,000 Utities expense Property taxes expense Insurance expense Office supples expense 1,900 2,400 800 250 Depreciation expense-office equipment 400 Depreciation expense-buildings Interest expense Totals 5,570 3,000 $281,000 $281,800
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