The Accountant for Franklin Company Prepared the Following List of Account

question 137

Essay

The accountant for Franklin Company prepared the following list of account balances from the company's records for the year ended December 31, 2011:
$\begin{array}{llll}\text { Fees Earned } & \$ 165,000 & \text { Cash } & \$ 30,000 \\\text { Accounts Receivable } & 14,000 & \text { Selling Expenses } & 44,000 \\\text { Equipment } & 64,000 & \text { Franklin, Capital } & 27,000 \\\text { Accounts Payable } & 12,000 & \text { Interest Income } & 3,000 \\\text { Salaries \& Wages Expense } & 40,000 & \text { PrepaidRent } & 2,000 \\\text { Income Taxes Payable } & 5,000 & \text { Income Taxes Expense } & 18,000 \\\text { Notes Payable } & 20,000 & \text { Rent Expense }&20,000\end{array}$ Determine the total assets at the end of 2011 for Franklin Company.

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Definitions:

Therapeutic Value

The beneficial effects or outcomes derived from a treatment or intervention.

Social Activities

Engagements that involve interaction with others for enjoyment, leisure, or other purposes.

Medications

Substances used to diagnose, treat, or prevent illness and aid in the maintenance of health.

Suicidal Ideation

The consideration or contemplation of ending one's own life.