What is the value of zippys total assets


Problem

Selected balance sheet information for Zippy Company. Cash $ 40 Land $3000 Equipment $2000 Accounts Receivable $ 110 Accounts Payable $ 100 Common Stock $4700 Salary Payable $ 800 Advance from Customer $ 205 Retained Earnings $ ? Inventory $ 325 Prepaid Insurance $ 555 What is the value of Zippy's total assets? What is the value of Zippy's total liabilities? What is the value of Zippy's retained earnings?

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Financial Accounting: What is the value of zippys total assets
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