The Following Table Contains Financial Information for Trumpeter Inc What Is the Amount of Trumpeter's Total Assets?
A)$81,500
B)$82,500

question 36

Multiple Choice

The following table contains financial information for Trumpeter Inc.before closing entries:
$$\begin{array} { | l | r | } \hline \text { Cash } & \$ 12,000 \\\hline \text { Supplies } & 4,500 \\\hline \text { Prepaid Rent } & 2,000 \\\hline \text { Salaries Expense } & 4,500 \\\hline \text { Equipment } & 65,000 \\\hline \text { Service Revenue } & 30,000 \\\hline \text { Miscellaneous Expenses } & 20,000 \\\hline \text { Dividends } & 3,000 \\\hline \text { Accounts Payable } & 5,000 \\\hline \text { Common Stock } & 68,000 \\\hline \text { Retained Earnings } & 8,000 \\\hline\end{array}$$
What is the amount of Trumpeter's total assets?

• A)$81,500
• B)$82,500
• C)$68,500
• D)$83,500

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Definitions:

Bolus

A mass of chewed food at the moment of swallowing.

Stomach Wall

The layers of muscle and tissue that encase the stomach, responsible for the mechanical and chemical breakdown of food.

Digestive Enzymes

Biological catalysts that break down foods into their chemical components, making nutrients available for absorption.

Mucus

A thick, slippery secretion produced by mucous membranes, serving to protect and lubricate surfaces within the body.