purpleberry, inc.s, trial balance follows: 1. calculate the total assets for the business. (if an input…

purpleberry, inc.s, trial balance follows: 1. calculate the total assets for the business. (if an input field is not used in the table leave the field empty; do not select a label or enter a zero.) trial balance purpleberry, inc. trial balance december 31, 2024 balance account title debit credit cash $ 4,500 accounts receivable 28,000 supplies 5,000 land 45,000 equipment 19,000 accounts payable $ 39,000 note payable 22,000 common stock 11,000 retained earnings 56,000 service revenue

purpleberry, inc.s, trial balance follows: 1. calculate the total assets for the business. (if an input field is not used in the table leave the field empty; do not select a label or enter a zero.) trial balance purpleberry, inc. trial balance december 31, 2024 balance account title debit credit cash $ 4,500 accounts receivable 28,000 supplies 5,000 land 45,000 equipment 19,000 accounts payable $ 39,000 note payable 22,000 common stock 11,000 retained earnings 56,000 service revenue

Answer

Explanation:

Step1: Identify asset accounts

Asset accounts in the trial - balance are Cash, Accounts receivable, Supplies, Land, and Equipment.

Step2: Sum up asset amounts

$4500 + 28000+5000 + 45000+19000$ $=(4500+28000)+5000+(45000 + 19000)$ $=32500+5000 + 64000$ $=37500+64000$ $=101500$

Answer:

$101500$