[stacycrapser198]

Given the following list of accounts, calculate Total Assets:

Accounts Receivable
$5,000
Capital Stock
$20,000
Cash
$19,300
Equipment
$15,400
Fees Earned
$44,400
Miscellaneous Expense
$18,200
Rent Expense
$4,150
Retained Earnings
$6,550
Wages Expense
$13,900


(Points : 3)
$84,100
$59,700
$46,250
$39,700

[pready]

First you have to know what types of accounts you have and where they belong on a balance sheet or the income statement. If your account is a balance sheet account you have to know whether it is an asset, liability, or owners equity.

Based on what you have posted you only have three asset accounts; cash, accounts receivable, and equipment. You just need to add the amounts together of these accounts to get your total asset amount.

Fees earned and your expense accounts are income statement accounts and will flow through to the balance sheet account called retained earnings.

Capital stock and retained earnings are owner equity accounts.

[smoothy]

Since the site homework rules REQUIRE you to do the work and show us as well as your answer... what did you get for an answer and how.