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2 45 .Dow’s Dogs and Suds trial balance reflects the following year end balances :"CashSIG .“`Account Payable$35, 010.0Accumulated Depreciation15, 500Retained Earnings201, 850Equipment*Common Stock24, 000Prepaid Insurance*1 , 20 0 )8, 000Supplies1502 . 860 , 350What is the total amount of assets that the company would report ?b. $ 4 4, 350C . $76 , 350d . $59, 150Problem Chapter 3 ( worth 40 points )Alexander Book Company showed the following transactions for the accounting periodending December 31 , 2012 :11 ) Sold books to customers for $3 4 , 000 on account2 ) Collected $28 , 000 from customers3 ) Issued common stock for $8, 000 cash4 ) Prepaid four months rent for $4 , 400 on October 1 , 20125 ) Purchase supplies for $ 10 , 500 cash6 ) Purchased equipment at beginning of year , paying $9, 000 cashEquipment has a 4 years life and $1, 000 salvage value7 ) Physical count shows $3 , 250 of supplies left over on December 31 , 2012Show how the above transactions and year end adjustments affect the financial statementson the accounting equation :"BalBACCUS .*Pod ."Rec .RentACCUITY .SuppliesEquipDearCommonStockRetainedEarlinesBalances Get business and finance assignment homework help today



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