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What is the amount of total assets to be reported

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Reference no: EM133141540

Question - A company's financial records at the end of the year included the following amounts:

Cash $70,500

Accounts Receivable 28,500

Supplies 4,500

Accounts Payable 10,500

Notes Payable 5,250

Retained Earnings, beginning of year 17,500

Common Stock 45,000

Service Revenue 49,750

Wages Expense 8,500

Advertising Expense 5,500

Rent Expense 10,500

Required - What is the amount of total assets to be reported on the Balance Sheet at the end of the year?

Reference no: EM133141540

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