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22 September, 15:09

Sheldon has the following year-end account balances: Accounts Receivable, $5,000; Supplies, $12,000; Equipment, $18,000; Accounts Payable, $17,000; Stockholders' Equity, $43,000. The Cash account balance was not available at year-end. Given the account balances listed, the balance in the Cash account should be A : $95,000. B : $43,000. C : $25,000. D : $61,000.

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  1. 22 September, 18:58
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    the balance in the Cash account should be C : $25,000.

    Explanation:

    Assets = (Liabilities+Owner's Equity)

    Assets = Cash+account receivable+Suplies+Equipment

    Cash 25.000

    Acoount Receivable 5.000

    Supllies 12.000

    Equipment 18.000

    Assets 60.000

    Account Payable 17.000

    Liabilities 17.000

    Stakholder equity 43.000

    Equity 43.000

    Liabilities + Equity 60.000
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