What Are the Total Assets for Shiver Ice House A)$291,340
B)$106,962
C)$198,730
D)$218,730
E)$221,580

question 207

Multiple Choice

What are the total assets for Shiver Ice House?
$$\begin{array} { l l } \text { Common Stock......\$120,000 } & \text { Accounts Payable......\$25,000 } \\\text { Cash......................\$116,640 } & \text { Accounts Receivable..\$22,450 } \\\text { Supplies................ } \$ 1,500 & \text { Office Equipment.......\$23,300 } \\\text { Prepaid Rent..........\$ } 3,200 & \text { Unearned Revenue.....\$4,152 } \\\text { Revenue..................\$ } 20,000 & \text { Utilities Expense........\$ } 422 \\\text { Retained Earnings...\$ } 30,000 & \text { Shaving Equipment....\$31,640 }\end{array}$$

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

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