Answered Essay: Quiz: Chapter 2 Practice As This Question: 1 pt Greenberry, Inc.'s, trial balance follows: 圈 Compute these amounts for the business: (Click

Compute the total assets for the business
Quiz: Chapter 2 Practice As This Question: 1 pt Greenberry, Inc.s, trial balance follows: 圈 Compute these amounts for the business: (Click the icon to view the trial balance.) 1. Total assets 2. Total liabilities 3. Net income or net loss during March 1. Compute the total assets for the business. (If a box is not used Account Amount Cash Accounts receivable Supplies Equipment 7500 17000 4500 24000 Choose from any list or enter any number in the input fields ar
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Quiz: Chapter 2 Practice As This Question: 1 pt Greenberry, Inc.’s, trial balance follows: 圈 Compute these amounts for the business: (Click the icon to view the trial balance.) 1. Total assets 2. Total liabilities 3. Net income or net loss during March 1. Compute the total assets for the business. (If a box is not used Account Amount Cash Accounts receivable Supplies Equipment 7500 17000 4500 24000 Choose from any list or enter any number in the input fields ar

Expert Answer

 

Total assets=Cash+acc rec+supplies+land+equipment

=7500+17500+4500+47000+24000=100,500

Total libailites=Acc payable+note payable

=21000+32000=53000

Net income or loss= Service revenue-sal exp-rent exp-utility exp

=81700-37000-11000-700=33000

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