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The following accounts and balances were drawn from the records of Carolina Company on December 31, Year 1: Cash $ 2,800 Accounts receivable $ 1,300 Dividends $ 1,400 Common stock $ 1,875 Land $ 1,700 Revenue $ 1,700 Accounts payable $ 900 Expense $ 1,000 Total assets on Carolina's December 31, Year 1 balance sheet would amount to_________________

Respuesta :

jepessoa

Answer:

$5,800

Explanation:

total assets include current assets: cash, accounts receivables, merchandise, etc., and non-current assets: land, equipment, machinery, etc.

Carolina Company's total assets:

  • cash $2,800
  • accounts receivable $1,300
  • land $1,700

total assets = $5,800

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