The Company's Total Assets Are $36,000 Required:
Part A

Essay

The company's total assets are $36,000.The following is a listing of the company's accounts and account balances as of December 31,Year 3.This company doesn't have any other accounts.
$\begin{array}{lr}\text { Accounts Payable } & \$ 7,000 \\\text { Accounts Receivable } & 8,000 \\\text { Supplies } & 1,000 \\\text { Equipment } & 22,000 \\\text { Common Stock } & 10,000 \\\text { Cash } & \text { Unknown } \\\text { Retained Earnings } & \text { Unknown }\end{array}$ Required:
Part a.Determine the balance of the Cash account.
Part b.Determine the balance of the Retained Earnings account.