Dr. Cr. Cash Accounts receivable Allowance for Doubtful Accts Inventory Equipment Accumulated Depreciation Accounts Payable Unearned Revenue Long Term Note Payable Common Stock Retained Earnings Dividends Sales Cost of goods sold Repairs expense Salaries expense Depreciation expense Insurance expense Interest income Interest expense Income tax expense Total 65,000 28,000 7,000 12,500 60,000 12,750 23,000 6,000 35,000 38,000 21,000 10,000 130,000 52,000 6,500 25,000 3,000 4,500 1,250 4,000 3,500 274,000 274,000 What is the amount of Total Assets?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Dr.
Cr.
Cash
Accounts receivable
Allowance for Doubtful Accts
Inventory
Equipment
Accumulated Depreciation
Accounts Payable
65,000
28,000
7,000
12,500
60,000
12,750
23,000
6,000
35,000
38,000
21,000
Unearned Revenue
Long Term Note Payable
Common Stock
Retained Earnings
Dividends
Sales
Cost of goods sold
Repairs expense
Salaries expense
Depreciation expense
Insurance expense
Interest income
Interest expense
Income tax expense
Total
10,000
130,000
52,000
6,500
25,000
3,000
4,500
1,250
4,000
3,500
274,000 274,000
What is the amount of Total Assets?
Transcribed Image Text:Dr. Cr. Cash Accounts receivable Allowance for Doubtful Accts Inventory Equipment Accumulated Depreciation Accounts Payable 65,000 28,000 7,000 12,500 60,000 12,750 23,000 6,000 35,000 38,000 21,000 Unearned Revenue Long Term Note Payable Common Stock Retained Earnings Dividends Sales Cost of goods sold Repairs expense Salaries expense Depreciation expense Insurance expense Interest income Interest expense Income tax expense Total 10,000 130,000 52,000 6,500 25,000 3,000 4,500 1,250 4,000 3,500 274,000 274,000 What is the amount of Total Assets?
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