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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 130

Multiple Choice

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

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