2 years ago

Question: SANDHILL CO. Balance Sheet Assets Cash $29,100 Supplies (a) Equipment (net) 61,000 Total assets $...

Business

1 answer:

Genrish500 [490]2 years ago

7 0

Answer:

Supplies and total assets is $6,800 and $96,900

Explanation:

The computation of the total asset is

= Cash + supplies + equipment

= $29,100 + supplies + $61,000

= $29,100 + $6,800 + $61,000

= $96,900

For total assets we have to determine the total of liabilities and equity i.e.

= Note payable + common stock + retained earnings

= $23,900 + 36,600 + $36,400

= $96,900

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