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A Company's Trial Balance Included the Following Account Balances What Is the Amount of Total Assets on the Balance

Question 151

Multiple Choice

A company's trial balance included the following account balances:  Accounts Payable 19,207 Accounts Receivable 81,336 Cash 73,324 Income Tax Payable 3,512 Inventory 25,816 Note Payable, due in two years 1,709 Equipment 54,128 Stockholders’Equity 202,808 Supplies 5,512 Wages Payable 12,880\begin{array}{lr}\text { Accounts Payable } & 19,207 \\\text { Accounts Receivable } & 81,336 \\\text { Cash } & 73,324 \\\text { Income Tax Payable } & 3,512 \\\text { Inventory } & 25,816 \\\text { Note Payable, due in two years } & 1,709 \\\text { Equipment } & 54,128 \\\text { Stockholders'Equity } & 202,808 \\\text { Supplies } & 5,512 \\\text { Wages Payable } & 12,880\end{array} What is the amount of Total Assets on the Balance Sheet?


A) $240,116
B) $214,300
C) $442,924
D) $480,232

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