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Determine rossis total assets as of december

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Reference no: EM13540067

The following selected balances were extracted from the accounting records of Rossi Enterprises on December 31, 20X3:

Accounts Payable

3,200

Interest Expense

2,500

Accounts Receivable

14,800

Land

18,000

Auto Expense

1,900

Loan Payable

40,000

Building

30,000

Tax Expense

3,300

Cash

7,400

Utilities Expense

4,100

Fee Revenue

56,900

Wage Expense

37,500

a. Determine Rossi's total assets as of December 31.

b. Determine the company's total liabilities as of December 31.

c. Compute 20X3 net income or loss.

Reference no: EM13540067

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