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Dow's Dogs and Sustrial balance relles balance reflects the following year end balances: S16,000 20,850...

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Accounting

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Dow's Dogs and Sustrial balance relles balance reflects the following year end balances: S16,000 20,850 1.200 Accumulated Depreciation $35.000 15.500 150 Account Payable Equipment Common Stock 24,000 Retained Earnings Prepaid Insurance Supplies 3.000 What is the total amount of assets that the company w my would report? a $60.350 b. $44,350 c. $76,350 d. 559,150 Problem Chapter 3 (worth 15 points) Alexander Book Company showed the following transactions for the accounting period ending December 31, 2012: 1) Sold books to customers for $34,000 on account 2) Collected $28,000 from customers 3) Issued common stock for $8.000 cash 4) Prepaid four months rent for $4,400 on October 1, 2012 5) Purchase supplies for $10,500 cash 6) Purchased equipment at beginning of year, paying $9,000 cash Equipment has a 4 years life and $1,000 salvage value 7) Physical count shows $3,250 of supplies left over on December 31, 2012 Show how the above transactions and year end adjustments affect the financial statements on the accounting equation: BalB POGOS TOS Balances

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