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What is the balance of total assets at june

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Reference no: EM132610201

Question 1: Based on the following information, what is the balance of total assets at 30 June 2020?

$

Share capital 90 000

Equipment 150 000

Accrued revenue 30 000

Accounts receivable 20 000

Accounts payable 40 000

Retained profits 80 000

Cash 10 000

Prepayments 20 000

Accrued expenses 7 000

Revenue received in advance 15 000

Select one:

Option a. $230 000

Option b. $240 000

Option c. $310 000

Option d. $320,000

Option e. None of the above

Reference no: EM132610201

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