Homework Answers
Total Assets = Current Assets + Non Current Assets => Current Assets = Account Receivables + Cash => $18,600 + $12,400 = $31,000.
=>Non current Assets = Equipment = $40,000.
Total Assets = $31,000 + $40,000 = $71,000.
Total Assets as on 31 December 2022 = $71,000.
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Cash
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Accounts payable
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Supplies
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Salaries and wages expense
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Salaries and wages payable
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Common stock
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Depreciation expense
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Inventory
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