Question

Bravo's complete assets and liabilities are Accounts Receivable $800, Equipment $10,000, Accounts Payable $4,200, Prepaid Rent $2,000, Supplies $400, Bank Loan $1,600, and Tools $300. Bravo's total assets are: _______

Answer 1

$13,500

Step-by-step explanation:

Given that,

Accounts Receivable = $800,

Equipment = $10,000,

Accounts Payable = $4,200,

Prepaid Rent = $2,000,

Supplies = $400,

Bank Loan = $1,600

Tools = $300

Total Assets:

= Accounts Receivable + Equipment + Prepaid rent +Supplies + Tools

= $800 + $10,000 + $2,000 + $400 + $300

= $13,500