Kenham Co Was Organized on April 1, 2022 What Are Total Assets in the April 30,2022 Balance Sheet
Question 77
Question 77
Multiple Choice
Kenham Co. was organized on April 1, 2022. The company prepares monnthly financial statements. The adjusted trial balance amounts at April 30 are shown below. Cash Accounts Receivable Prepaid Insurance Supplies Equipment Owner’s Drawings Salaries and Wages Expense Insurance Expense Depreciation Expense Supplies Expense Utilities Expense Interest Expense Debit$6,7006001,8001,00015,0006009,4001,20085020051050$37,910 Accumulated Depreciation- Equipment Notes Payable Accounts Payable Salaries and Wages Payable Interest Payable Owner’s Capital Service Revenue Rent Revenue Credit 8505,0001,51040055013,00015,800800$37,910 What are total assets in the April 30,2022 balance sheet?
A) $ 24,250 B) $ 25,100 C) $ 25,300 D) $ 25,950
Correct Answer:
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