The Spunkmeyer Corporation started operations this month and had the following transactions: 1 Owners invested $10,000 to start company, 6 Purchased $300 of supplies, 12 Completed work for a customer worth $900; sent bill 20 Customers purchased $500 of services in advance, 25 Completed work for another customer and was paid $2,200 At the end of the month, $100 of supplies were on still hand. What are the company's total assets at the end of the month?

The Spunkmeyer Corporation started operations this month and had the following transactions: 1 Owners invested $10,000 to start company, 6 Purchased $300 of supplies, 12 Completed work for a customer worth $900; sent bill 20 Customers purchased $500 of services in advance, 25 Completed work for another customer and was paid $2,200 At the end of the month, $100 of supplies were on still hand. What are the company's total assets at the end of the month?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity

Section: Chapter Questions

Problem 7RE

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