Question

A company’s financial records at the end of the year included the following amounts: Cash $ 70,600 Accounts Receivable 28,600 Supplies 4,600 Accounts Payable 10,600 Notes Payable 5,300 Retained Earnings, beginning of year 17,600 Common Stock 46,000 Service Revenue 49,100 Wages Expense 8,600 Advertising Expense 5,600 Rent Expense 10,600 What is the amount of total assets to be reported on the balance sheet at the end of the year?

Answer 1

The amount of total assets to be reported on the balance sheet at the end of the year is $103,800.

Step-by-step explanation:

A company's total assets on the balance sheet at the end of the year can be calculated by summing up the value of all the assets listed. From the given information, the assets include Cash ($70,600), Accounts Receivable ($28,600), and Supplies ($4,600). Adding these amounts together gives a total of $103,800.

Hence, the amount of total assets to be reported on the balance sheet at the end of the year is $103,800.

Answer 2

5678

Step-by-step explanation:

45678