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How much are hamal total assets at the end of april

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At the beginning of April, Hamal Corporation's liabilities totaled $60,000 and stockholders' equity totaled $180,000. During April the following summarized transactions occurred:

  1. Additional shares of stock were sold for $20,000 cash.
  2. A building costing $95,000 was purchased using $10,000 cash and by signing an $85,000 long-term note payable.
  3. Short-term investments costing $9,000 were purchased using cash.
  4. $10,000 was paid to an employee as a loan; the employee signed a six-month note in exchange for the cash.

Question 1: How much are Hamal's total assets at the end of April?

Reference no: EM132538883

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