The following accounts are taken from the December 31,Year 4 financial statements of a company. What is the amount of total assets at the end of Year 4?

Name: The following accounts are taken from the December 31,Year 4 financial statements of a company. What is the amount of total assets at the end of Year 4?
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Question

The following accounts are taken from the December 31,Year 4 financial statements of a company.  What is the amount of total assets at the end of Year 4?

Quizplus · Accepted Answer

Total Assets = Cash + Accounts Receivable + Other assets + Property and Equipment + Supplies
= $2,200 + $800 + $2,500 + $11,000 + $300 = $16,800

The Following Accounts Are Taken from the December 31,Year 4