You can find below a list of accounts and their amounts for DigitalCom Co. The accounts are presented in alphabetical order. Prepare a trial balance for December 31, 2019 and keep the numbers on a side paper (you might need them for answering other questions also). Then answer the question below based on your results. Question: What is the amount of Total Assets in the prepared Trial Balance? Accounts Payable Accounts Receivable Advertising expense Building Capital stock Cash 5,000 3,000 400 18,000 14,100 6,500 1,600 26,000 15,000 31,000 Dividends Land Notes Payable Revenue Retained Earnings Supplies 700 Utilities expense Wage expense Wages Payable 900 13,250 3,050

Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter6: Accounting For Merchandising Businesses
Section: Chapter Questions
Problem 5PA: The following selected accounts and their current balances appear in the ledger of Clairemont Co....
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You can find below a list of accounts and their amounts for
DigitalCom Co. The accounts are presented in alphabetical order.
Prepare a trial balance for December 31, 2019 and keep the
numbers on a side paper (you might need them for answering other
questions also). Then answer the question below based on your
results.
Question: What is the amount of Total Assets in the prepared Trial
Balance?
Accounts Payable
Accounts Receivable
Advertising expense
Building
Capital stock
Cash
5,000
3,000
400
18,000
14,100
6,500
1,600
26,000
15,000
31,000
Dividends
Land
Notes Payable
Revenue
Retained Earnings
Supplies
Utilities expense
Wage expense
Wages Payable
700
900
13,250
3,050
Transcribed Image Text:You can find below a list of accounts and their amounts for DigitalCom Co. The accounts are presented in alphabetical order. Prepare a trial balance for December 31, 2019 and keep the numbers on a side paper (you might need them for answering other questions also). Then answer the question below based on your results. Question: What is the amount of Total Assets in the prepared Trial Balance? Accounts Payable Accounts Receivable Advertising expense Building Capital stock Cash 5,000 3,000 400 18,000 14,100 6,500 1,600 26,000 15,000 31,000 Dividends Land Notes Payable Revenue Retained Earnings Supplies Utilities expense Wage expense Wages Payable 700 900 13,250 3,050
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