Calculate the total assets of company a

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At September 1, Company A reported total assets of $300,000. During September the company recorded the following transactions.

1) Collected accounts receivable totaling $15000

2) sold land that had a $12000 cost for $20,000 cash

3) earned service revenue of $8,000 of which 20% was received in cash

4) Incurred expenses of $5,000 which 50% was paid off in cash

Problem 1: Calculate the total assets of company A after the four above transactions have been recorded.

Reference no: EM132790275

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