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What is the total for assets and liabilities

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Reference no: EM132843585

Consider the following information:

Accounts Payable: $4,000

Notes Payable: $10,000

Salaries payable: $1,000

Revenues: $5,000

Accounts Receivable: $5,000

Utilities Expense: $2,000

Cash: $5,000

Office Supplies: $1,000

Equipment: $20,000

Accumulated Depreciation Equipment: $5,000

Unearned Revenue: $2,000

Equity: $22,000

Salaries Expense: $1,000

Problem 1: From the above set of data, what is the total for assets, liabilities, and equity?

Reference no: EM132843585

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