QUESTION 3 Entity A reported the following items on its balance sheet at the end...
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QUESTION 3 Entity A reported the following items on its balance sheet at the end of the current year. All accounts are listed Cash $ 45,000 Accounts payable $ 45,000 Prepaid Insurance 5.000 Taxes payable 12,000 Property, plant, & equip 150.000 Long term debt 50,000 Common stock 100,000 Accounts receivable 30,000 Retained earnings ? Inventory 56,000 What amount will Entity A report on its balance sheet for Total Assets O S301.000 $286 000 $107.000 $395,000 QUESTION 4 Which of the following accounts would not be closed at the end of the accounting penod? dividonds service revenue accounts receivable utilities expense
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