What are the total assets for Shiver Ice House?
$$\begin{array} { l l }
\text { Common Stock......\$120,000 } & \text { Accounts Payable......\$25,000 } \
\text { Cash......................\$116,640 } & \text { Accounts Receivable..\$22,450 } \
\text { Supplies................ } \$ 1,500 & \text { Office Equipment.......\$23,300 } \
\text { Prepaid Rent..........\$ } 3,200 & \text { Unearned Revenue.....\$4,152 } \
\text { Revenue..................\$ } 20,000 & \text { Utilities Expense........\$ } 422 \
\text { Retained Earnings...\$ } 30,000 & \text { Shaving Equipment....\$31,640 }
\end{array}$$
A)$291,340
B)$106,962
C)$198,730
D)$218,730
E)$221,580

Question

What are the total assets for Shiver Ice House?
$$\begin{array} { l l } 
\text { Common Stock......\$120,000 } & \text { Accounts Payable......\$25,000 } \
\text { Cash......................\$116,640 } & \text { Accounts Receivable..\$22,450 } \
\text { Supplies................ } \$ 1,500 & \text { Office Equipment.......\$23,300 } \
\text { Prepaid Rent..........\$ } 3,200 & \text { Unearned Revenue.....\$4,152 } \
\text { Revenue..................\$ } 20,000 & \text { Utilities Expense........\$ } 422 \
\text { Retained Earnings...\$ } 30,000 & \text { Shaving Equipment....\$31,640 }
\end{array}$$
A)$291,340
B)$106,962
C)$198,730
D)$218,730
E)$221,580

Quizplus · Accepted Answer

The Answer of What are the total assets for Shiver Ice House?
$$\begin{array} { l l } 
\text { Common Stock......\$120,000 } & \text { Accounts Payable......\$25,000 } \
\text { Cash......................\$116,640 } & \text { Accounts Receivable..\$22,450 } \
\text { Supplies................ } \$ 1,500 & \text { Office Equipment.......\$23,300 } \
\text { Prepaid Rent..........\$ } 3,200 & \text { Unearned Revenue.....\$4,152 } \
\text { Revenue..................\$ } 20,000 & \text { Utilities Expense........\$ } 422 \
\text { Retained Earnings...\$ } 30,000 & \text { Shaving Equipment....\$31,640 }
\end{array}$$
A)$291,340
B)$106,962
C)$198,730
D)$218,730
E)$221,580

What Are the Total Assets for Shiver Ice House A)$291,340 B)$106,962 C)$198,730 D)$218,730 E)$221,580

What Are the Total Assets for Shiver Ice House A)$291,340
B)$106,962
C)$198,730
D)$218,730
E)$221,580