Given Short Trial Balance as of December 31,2023Account Name Debit ($) Credit ($)Cash 12,000...

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Accounting

Given Short Trial Balance as of December 31,2023Account Name Debit ($) Credit ($)Cash 12,000 Accounts Receivable 8,000 Supplies 3,000 Equipment 25,000 Accumulated Depreciation 5,000Accounts Payable 10,000Unearned Revenue 4,000Common Stock 20,000Retained Earnings 9,000Total 48,00048,000Task: Based on the given trial balance, calculate the total assets.*5 pointsA) $48,000B) $53,000C) $43,000D) $28,000

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