5) Elston Company compiled the following financial information as of...
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Accounting
5) Elston Company compiled the following financial information as of December 31, 2014: Service revenue Common stock Equipment Operating expenses Cash $700, 000 150, 000 200, 000 625, 000 175, 000 50, 000 Dividends Supplies Accounts payable Accounts receivable Retained earnings, 1/1/14 375, 000 Elston's assets on December 31, 2014 are a. $1, 175, 000. b. $850,000. c. $400, 000. d. $475,000. 25,000 100, 000 75, 000
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