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Use the following ledger balances to determine Total Assets:
Accounts payable 15,500
Accounts receivable 32,450
Capital (Ending) 144,290
Cash 44,390
Revenue 74,800
Insurance expense 475
Land 80,000
Miscellaneous expense 510
Prepaid insurance 2000
Rent expense 8,000
Salary expense 38,300
Supplies 950
Supplies expense 825
tilities expense 3,800
A. 159,970
B. 121,360
C. 134,670
D. 159,020
Answer & Explanation
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