Given the Following Adjusted Tabular Summary Amounts What Is the Amount of Total Assets on the Balance

question 93

Multiple Choice

Given the following adjusted tabular summary amounts: $\begin{array} { l r } \text { Cash } & \$ 831 \\\text { Accounts receivable } & 1,049 \\\text { Inventory } & 1,562 \\\text { Prepaid rent } & 43 \\\text { Equipment } & 150 \\\text { Accumulated depreciation-equipment } & 26 \\\text { Accounts payable } & 41 \\\text { Unearned service revenue } & 86 \\\text { Common stock } & 103 \\\text { Retained earnings } & 3,305 \\\text { Service revenue } & 159 \\\text { Interest revenue } & 28 \\\text { Salaries and wages expense } & 80 \\\text { Travel expense } & 33\end{array}$ What is the amount of total assets on the balance sheet?

• A)$3635
• B)$3609
• C)$3748
• D)$3722

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Definitions:

Personal Selling Process

A series of steps salespeople follow when selling, which includes prospecting, making contact, presenting, handling objections, closing, and follow-up.

Cold Calling

The practice of soliciting business from potential customers who have had no prior contact with the salesperson conducting the call.

Cold Canvassing

A sales technique involving direct contact with potential customers without prior appointment, often through door-to-door visits or telephone calls, to offer products or services.

Personal Selling Process

A direct marketing approach involving personal interactions between a salesperson and a prospective buyer to close a sale.