The following is a trial balance of Barnhart Company as December 31,Year 1:

What is the total amount of assets that will be reported on the balance sheet prepared as of December 31,Year 1?
A)$21,350
B)$12,500
C)$15,750
D)$23,200

Question

The following is a trial balance of Barnhart Company as December 31,Year 1:

What is the total amount of assets that will be reported on the balance sheet prepared as of December 31,Year 1?
A)$21,350 
B)$12,500 
C)$15,750 
D)$23,200

Quizplus · Accepted Answer

The two asset accounts listed on the trial balance are Cash and Accounts Receivable.Total assets = $12,500 + $3,250 = $15,750

The Following Is a Trial Balance of Barnhart Company as December