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Question
Following is an extract of account balances of Aztec Moving Services as of December 31, after the first year of operation.
Accounts Receivable $6,000
Accounts Payable 4,000
Salaries Expense 5,000
Repairs Expense 500
Truck 11,000
Equipment 11,000
Notes Payable 8,500
Cash 7,300
Supplies Expense 1,500
Service Revenue 29,000
Gasoline Expense 2,900
Salaries Payable 200
What is the amount of total assets at the end of the year?
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