Expenses/total assets?

invested cash $18,000
office supplies $4600 ($2000 cash and $2600 on account)
insurance $1200
Rent $750.00
Personal Cash $100.00
Revenues $3300 ($1300 cash and $2000 on account)
Paid cash for office supplies $2300
What were the expenses and total assets?

Total assets = 21,850.
Total expenses = 1,950.
Trial balance = 23,900.

There you go!

Assets are invested cash, which would be a long term asset, office supplies, both the cash and on account, personal cash, and revenues.
Expenses are rent, insurance and cash paid for office supplies.

Tags

　　Meeting Room 　　Meeting Space 　　Conference Room 　　Offices to Lease 　　Rent Offices 　　Business Centers 　　Service Offices 　　Branch Offices 　　Temporary Offices 　　Shared Offices 　　Commercial Space

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