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Given the Following List of Accounts, Calculate Total Assets A) $52,100
B) $55,300
C) $54,600
D) $40,050

Question 52

Multiple Choice

Given the following list of accounts, calculate Total Assets:  Accounts Receivable $10,000 Capital Stock 20,000 Cash 25,300 Equipment 16,800 Fees Earned 44,400 Miscellaneous Expense 17,800 Rent Expense 3,250 Retained Earnings 7,850 Salaries Expense 15,400 Wages Expense 15,000\begin{array} { l r } \text { Accounts Receivable } & \$ 10,000 \\\text { Capital Stock } & 20,000 \\\text { Cash } & 25,300 \\\text { Equipment } & 16,800 \\\text { Fees Earned } & 44,400 \\\text { Miscellaneous Expense } & 17,800 \\\text { Rent Expense } & 3,250 \\\text { Retained Earnings } & 7,850 \\\text { Salaries Expense } & 15,400 \\\text { Wages Expense } & 15,000\end{array}


A) $52,100
B) $55,300
C) $54,600
D) $40,050

Correct Answer:

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