Silverline Services had the following account balances at the end of the year: . Cash: $42,000 Accounts Receivable: $38,500 Supplies: $6,700 Equipment: $125,000 Accumulated Depreciation-Equipment: $30,000 Accounts Payable: $19,300 Notes Payable: $45,000 Common Stock: $70,000 Retained Earnings: $48,000 What is the total amount of Silverline's assets at year-end?

Silverline Services had the following account balances at the end of the year: . Cash: $42,000 Accounts Receivable: $38,500 Supplies: $6,700 Equipment: $125,000 Accumulated Depreciation-Equipment: $30,000 Accounts Payable: $19,300 Notes Payable: $45,000 Common Stock: $70,000 Retained Earnings: $48,000 What is the total amount of Silverline's assets at year-end?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter21: The Statement Of Cash Flows

Section: Chapter Questions

Problem 5MC

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