4.36 ICULDU 145. The following items are taken from the financial statements of Dinkel Company...
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4.36 ICULDU 145. The following items are taken from the financial statements of Dinkel Company fo year ending December 31, 2010: Is 18.000 Accounts payable 11,000 Accounts receivable 28,000 Accumulated depreciation - equipment 21,000 Advertising expense 215.000 Cash 102.000 Dinkel, Capital (1/1/10) Dinkel, Drawing 14,000 Depreciation expense 12,000 Equipment 190.000 Insurance expense 13,000 Note payable, due 6/30/11 70,000 Patents 20,000 Prepaid insurance (12-month policy) 6,000 Rent expense > 17,000 Salaries expense Service revenue 133,000 Supplies 4,000 Supplies expense 32,000 6,000 What is total liabilities and owner's equity at December 31, 2010? a. $176,000 b. $190,000 c. $218.000 d. $232,000
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