how much is the total assets?
cash in bank 25,000
accounts payable 10,000
acounts receivable 30,000
office equipment 50,000
To determine the total assets, you need to sum up all the individual asset values. In this case, you have four assets:
1. Cash in bank: $25,000
2. Accounts payable: $10,000
3. Accounts receivable: $30,000
4. Office equipment: $50,000
To find the total assets, add up all these values:
$25,000 + $10,000 + $30,000 + $50,000 = $115,000
Therefore, the total assets amount to $115,000.