Given the following list of accounts, calculate Total Assets: $\begin{array}{ll}
5,000 & \text { Accounts Receivable } \
20,000 & \text { Cqpital Stock } \
19,300 & \text { Cash } \
15,400 & \text { Equipment } \
44,400 & \text { Fees Earned } \
18,200 & \text { Miscellaneous Expense } \
4,150 & \text { Rent Expense } \
6,550 & \text { RetainedEarnings } \
13,900 & \text { Wages Expense }
\end{array}$

Question

Quizplus · Accepted Answer

Total Assets are calculated by summing up all asset accounts: Accounts Receivable ($5,000), Cash ($19,300), and Equipment ($15,400). Total Assets = $5,000 + $19,300 + $15,400 = $39,700.

Given the Following List of Accounts, Calculate Total Assets A) $84,100 B) $59,700 C) $46,250 D) $39,700

Given the Following List of Accounts, Calculate Total Assets A) $84,100
B) $59,700
C) $46,250
D) $39,700