using the balance sheet, calculate xyz companys assets.\nxyz company - balance sheet\n|assets|liabilities|\n|…

using the balance sheet, calculate xyz companys assets.\nxyz company - balance sheet\n|assets|liabilities|\n|--|--|--|\n|cash|$45,000|notes|$55,000|\n|inventory|$41,000|wages|$56,000|\n|property|$134,000|\n||owners equity|\n||stock|$50,000|\n||investment|$59,000|\nassets = $?

using the balance sheet, calculate xyz companys assets.\nxyz company - balance sheet\n|assets|liabilities|\n|--|--|--|\n|cash|$45,000|notes|$55,000|\n|inventory|$41,000|wages|$56,000|\n|property|$134,000|\n||owners equity|\n||stock|$50,000|\n||investment|$59,000|\nassets = $?

Answer

Explanation:

Step1: Sum up all asset items

Cash + Inventory + Property

Step2: Perform the addition

$45,000 + 41,000 + 134,000$

Answer:

$220,000$