Exchange for the loan.how much are warren''s total


At the beginning of April, Warren Corporation's assets totaled $247,000 and liabilities totaled $67,000. During April the following summarized transactions occurred:Additional shares of stock were sold for $23,500 cash.A building costing $102,000 was purchased using $13,500 cash and by signing an $88,500 long-term note payable.Short-term investments costing $9,700 were purchased using cash.$10,700 was lent to an employee; the employee signed a six-month note in exchange for the loan.How much are Warren's total assets at the end of April?

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Exchange for the loan.how much are warren''s total
Reference No:- TGS0697321

Expected delivery within 24 Hours