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The following accounts and balances were drawn from the records of Carolina Company on December 31,2016:

-Total assets on Carolina's December 31,2016 balance sheet would amount to:
A)$12,600.
B)$13,800.
C)$7,200.
D)$10,600.

Question

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The following accounts and balances were drawn from the records of Carolina Company on December 31,2016:
 
-Total assets on Carolina's December 31,2016 balance sheet would amount to:
A)$12,600. 
B)$13,800. 
C)$7,200. 
D)$10,600.

Quizplus · Accepted Answer

The total assets can be calculated by adding up the balances of all the asset accounts, which is:
$6,600 + $2,000 + $1,000 + $1,000 = $10,600. Therefore, the correct answer is D.

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