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|$28,000|notes|$28,000|\n|inventory|$27,000|wages|$27,000|\n|property|$86,000|\n||owners equity|\n||stock|$32,000|\n||investment|$54,000|\nassets = $?

using the balance sheet, calculate xyz companys assets.\nxyz company - balance sheet\n|assets|liabilities|\n|--|--|\n|cash|$28,000|notes|$28,000|\n|inventory|$27,000|wages|$27,000|\n|property|$86,000|\n||owners equity|\n||stock|$32,000|\n||investment|$54,000|\nassets = $?

Answer

Explanation:

Step1: Identify asset items

The asset items are Cash, Inventory, and Property.

Step2: Sum up asset values

$28000 + 27000+86000$ $=55000 + 86000$ $=141000$

Answer:

$141000$