The Accountant for Franklin Company Prepared the Following List of Account

question 15

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:
$\begin{array}{llll}\text { FeesEarned } & \$ 165,000 & \text { Cash } & \$ 30,000 \\\text { Accounts Receivable } & 14,000 & \text { Selling Expenses } & 44,000 \\\text { Equipment } & 64,000 & \text { Capital Stock } & 7,000 \\\text { Accounts Payable } & 22,000 & \text { Retained Earnings } & 23,000 \\\text { Salaries \& Wages Expense } & 40,000 & \text { Prepaid Rent } & 2,000 \\\text { Dividends } & 5,000 & \text { Income Taxes Expense } & 13,000 \\\text { Salaries \& Wages Payable } & 15,000 & \text { Rent Expense } & 20,000\end{array}$
Determine the total assets at the end of 2011 for Franklin Company.

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Definitions:

Depersonalize

The process of removing personal items and touches from a space, making it more neutral for viewers or potential buyers.

Cushion

A protective layer or material used to prevent damage from impacts or to provide comfort.

Forward Look

An outlook or consideration for future events, trends, or possibilities, often used in planning or forecasting.

Good Wishes

Expressions of hope for someone's well-being, happiness, or success.