Which of the following financial statements reports that total assets are equal to total

liabilities plus total stockholders' equity?

A$)$ Balance sheet

B$)$ Income statement

C$)$ Statement of cash flows

D$)$ Statement of retained earnings

Lush Lawns Corporation earned $$1,000$ for lawn mowing services rendered. The customer

promised to pay at a later time. Which of the following accounts increased as a result of this

transaction?

A$)$ Cash

B$)$ Accounts Payable

C$)$ Accounts Receivable

D$)$ Supplies

The equity of Autumn Company is $$160,000$ and the total liabilities are $$50,000.$ The total

assets are

A$)$ $$320,000$

B$)$ $$210,000$

C$)$ $$100,000$

D$)$ $$110,000$