What Are the Total Assets Shown on the Trial Balance

question 12

Multiple Choice

What are the total assets shown on the trial balance below?
Common stock……$120,000 Accounts payable…...$25,000
Cash……………….$116,640 Accounts receivable..$22,450
Supplies………… $ 1,500 Office equipment…...$23,300
Prepaid rent……....$ 3,200 Unearned revenue….$ 4,152
Service revenue.....$ 20,000 Utilities expense…....$ 422
Retained earnings...$ 30,000 Shaving equipment… $31,640

• A) $291,340
• B) $106,962
• C) $198,730
• D) $218,730
• E) $221,580

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Definitions:

Smoker

An individual who regularly inhales smoke from burning substances, typically tobacco, as a habit or practice.

Non-Smoker

An individual who does not smoke tobacco products and is not exposed to smoke from tobacco.

Implicit Support

The unspoken or indirect backing or endorsement of an idea, person, or cause.

Explicit Support

Direct and clear endorsement or approval of an idea, individual, or action without ambiguity.