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 3,050 Accounts receivable 400 Prepaid insurance 830 Office supplies 80 Office equipment 4,200 Accumulated depreciation-office equipment 1,100 Building 98,000 Accumulated depreciation-buildings 28,000 Land 115,000 Wages 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 Utilities expense 1,900 Property taxes expense 2,400 Insurance expense 800 Office supplies expense 250 Depreciation expense-office equipment 400 Depreciation expense-buildings 5,570 Interest expense 3,000 Totals $281,880 $281,880
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