Answer:
The amount of total assets of Kirk Corporation at the end of the month is $ 871,400
Explanation:
Total assets at January 1 = $864,000
Equipment purchased = $ 7,400
Supplies purchased = $ 3,640
Cash paid for supplies = $ 3,640
Cost of land sold = $16,400
Cash received from Land sold = $16,400
Therefore total amount of cash out = $ 16,400 + $3,640 = $ $20,040
Total amount of cash in = $ 7,400 + $ 3,640 + $16,400 = $27,440
Amount of total assets at the end of the month = $864,000 + $27,440 - $20,040 = $ 871,400
