Question

Based on the following data, what are total assets? Accounts payable $ 86,000 Accounts receivable $ 66,000 Cash $ 87,000 Inventory $ 148,000 Buildings $ 154,000 Bonds payable $ 513,000 Supplies $ 8,300 Notes payable $ 66,000 Equipment $ 361,000 O $890300 O $750000 O $824300 O $816000

Answer 1

The total assets are $824,300.

Step-by-step explanation:

The total assets can be calculated by summing up the values of all the different asset categories. In this case, we have:

• Accounts receivable: $66,000
• Cash: $87,000
• Inventory: $148,000
• Buildings: $154,000
• Supplies: $8,300
• Equipment: $361,000

Adding these values, we get a total of $824,300. Therefore, the total assets are $824,300.