Pack Company had the following dа ta: Service Revenue $10,000 Cash $12,000 Accounts Receivable $3,000 Office Supplies $4,000 Rent Expense $2,000 Salaries Expense $1,200 Utilities Expense $800 Accounts Payable $3,200 What is the amount of total Assets to report on the Balance Sheet for Pack Company?

Question

Business

Diego Reyes

19 December, 00:45

Pack Company had the following dа ta: Service Revenue $10,000 Cash $12,000 Accounts Receivable $3,000 Office Supplies $4,000 Rent Expense $2,000 Salaries Expense $1,200 Utilities Expense $800 Accounts Payable $3,200 What is the amount of total Assets to report on the Balance Sheet for Pack Company?

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Answers (1)

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Shania Pennington · Answer 1

Answer: $19,000

Explanation:

Given that,

Service Revenue = $10,000

Cash = $12,000

Accounts Receivable = $3,000

Office Supplies = $4,000

Rent Expense = $2,000

Salaries Expense = $1,200

Utilities Expense = $800

Accounts Payable = $3,200

Amount of total Assets = Cash + Accounts Receivable + Office Supplies

= $12,000 + $3,000 + $4,000

= $19,000