contestada

The following table contains financial information for Trumpter Inc. before closing entries:
Cash
Supplies
Prepaid Rent
Salaries Expense
Equipment
Service Revenue
Miscellaneous Expenses
Dividends
Accounts Payable
Common Stock
Retained Earnings
$13,100
6,000
3,800
5,000
65,900
28,000
20,100
4,000
3,100
66,100
20,700

What is the amount of Trumpter's total assets?

Respuesta :

mickymike92

The Total assets based on the given table is $88,800.

What are assets?

An asset refers to a resource owned by an individual or company which has tangible value and whose value is expected to rise in the future.

The Total assets based on the table = Cash + Supplies + Prepaid rent + Equipment

Total assets = 13,100 + 6,000 + 3,800 + 65,900

Total assets = $88,800

Learn more about assets at:

#SPJ1

Otras preguntas