Business, 01.06.2021 01:00 SithLeo

Consider the following information: Accounts Payable: $4,000
Notes Payable: $10,000
Salaries payable: $1,000
Revenues: $5,000
Accounts Receivable: $5,000
Utilities Expense: $2,000
Cash: $5,000
Office Supplies: $1,000
Equipment: $20,000
Accumulated Depreciation Equipment: $5,000
Unearned Revenue: $2,000
Equity: $22,000
Salaries Expense: $1,000
From the above set of data, what is the total for assets, liabilities, and equity?
a) Total Assets: $29,000
Total Liabilities: $14,000
Total Equity: $9,000
b) Total Assets: $26,000
Total Liabilities: $17,000
Total Equity: $9,000
c) Total Assets: $36,000
Total Liabilities: $14,000
Total Equity: $9,000
d) Total Assets: $29,000
Total Liabilities: $12,000
Total Equity: $9,000

Answers: 3

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Consider the following information: Accounts Payable: $4,000
Notes Payable: $10,000
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