Solution-What is Orange Software Company Total Assets as of

What is Orange Software Company Total Assets as of December

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Reference no: EM133102709

Question - Below is the adjusted trial balance for Orange Software Co. as of December 31, 2021.

Orange Software Co. Adjusted Trial Balance December 31, 2021
	Debit	Credit
Cash	95,000
Accounts Receivable	45,000
Supplies	1,700
Computer Equipment	35,000
Accumulated Depreciation - Computer Equipment		14,000
Accounts Payable		3,500
Wages Payable		4,800
Long-term notes payable		15,000
Common Stock		25,000
Retained Earnings		22,900
Dividends	5,000
Software Revenue		40,000
Maintenance Revenue		105,000
Services Revenue		45,000
Wages Expense	57,500
Rent Expense	24,000
Utilities Expense	4,500
Depreciation Expense	7,000
Interest Expense	500
Totals	275,200	275,200

Required - What is Orange Software Company's Total Assets as of December 31, 2021?

Reference no: EM133102709

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What is Orange Software Company Total Assets as of December

Reference no: EM133102709

Reference no: EM133102709

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