Bennett Inc. has the following balances in their accounts at year end. What is their total...

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Bennett Inc. has the following balances in their accounts at year end. What is their total...

Bennett Inc. has the following balances in their accounts at year end. What is their total assets?

Accounts Payable	$ 20,280
Accounts Receivable	$ 25,700
Retained Earnings	$ 40,000
Utilities Expense	$ 12,500
Sales Revenue	$ 250,000
Buildings	$ 150,000
Common Stock (contributed capital)	$ 200,000
Cash	$ 10,000
Equipment	$ 84,500
Income taxes payable	$ 7,500
Travel expense	$ 2,200
Land	$ 30,000
Rent Expense	$ 190,000
Furniture	$ 112,900
Salaries expense	$ 50,500

Enter the amount as a whole number, no commas, no dollar signs.

business accounting

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Answer 1

Answer #1

Total assets

= Accounts Receivable + Buildings + Cash + Equipment + Land + Furniture

= 25,700+150,000+10,000+84,500+30,000+112,900

= 413100

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Answer 2

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