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All's Good Bakery opened for business, Eva Flores, the owner reported the following assets and liabilities.
Cash $15,500
Baking Equipment $12,100
Refrigerator $4,000
Loan Payable $8,000
Accounts Payable $3,750
Use the information from the All's Good Bakery to determine the totals that would appear in her company's fundamental accounting equation in the following set of questions.
Problem 1: All's Good Bakery had total assets of:
A. 36,100
B. 31,600
C. 15,500
D. 43,350
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