Presented below is the balance sheet for Sabino Family Dentistry on January 1 of the current year.
SABINO FAMILY DENTISTRY
Balance Sheet
January 1, Current Year
During the first few days of January, the following transactions occurred:
Jan 1$\quad$ The business borrowed $99,000 from the bank, giving a note payable due in 90 days.
3$\quad$ Additional capital stock was issued in exchange for $44,550 cash.
3$\quad$ Equipment was purchased for $62,700 on credit.
5 $\quad$The business collected $26,400 of its accounts receivable and paid $37,950 of its accounts payable.
Indicate your answer to each of the following questions in the space provided.
-On January 6, total assets of the business amount to:

Question

Presented below is the balance sheet for Sabino Family Dentistry on January 1 of the current year.
SABINO FAMILY DENTISTRY
Balance Sheet
January 1, Current Year
  During the first few days of January, the following transactions occurred:
Jan 1$\quad$ The business borrowed $99,000 from the bank, giving a note payable due in 90 days.
 3$\quad$ Additional capital stock was issued in exchange for $44,550 cash.
 3$\quad$ Equipment was purchased for $62,700 on credit.
 5 $\quad$The business collected $26,400 of its accounts receivable and paid $37,950 of its accounts payable.
Indicate your answer to each of the following questions in the space provided.
-On January 6, total assets of the business amount to:

Quizplus · Accepted Answer

The total assets of the business on January 6 amount to $994,950.

Presented Below Is the Balance Sheet for Sabino Family Dentistry \quad

Presented Below Is the Balance Sheet for Sabino Family Dentistry $\quad$