The balance sheet of karim imports lists the following account balances:
cash 6,450
supplies 1,200
accounts receiveable 15,360
office equipment 8,500merca
To calculate the total assets listed on the balance sheet of Karim Imports, you need to add up the values of all the asset accounts mentioned. In this case, the asset accounts are cash, supplies, accounts receivable, and office equipment.
1. Cash: The balance is given as $6,450.
2. Supplies: The balance is given as $1,200.
3. Accounts Receivable: The balance is given as $15,360.
4. Office Equipment: The balance is given as $8,500.
To find the total assets, simply add up the values of all these accounts:
$6,450 + $1,200 + $15,360 + $8,500 = $31,510
Therefore, the total assets listed on the balance sheet of Karim Imports amount to $31,510.