gerald company question 44 attachedthanks for helprwhwptohtwphowthpowt Gerald Company has the following account balances at the end of the first year of operations:Revenues$103,000Salaries Expense$36,000Dividends$8,000Utilities ExpenseAdvertising ExpenseCashLandCommon Stock$11,000$7,000$34,000$58,000$51,000What are total assets at the end of the first year?OA. $92,000OB. $34,000OC. $119,000D. $222,000

Assets are the items that provides some future economic benefits to an organisation. Assets includes…

Answered: Gerald Company has the following…

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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