The following accounts were taken from the Trial Balance at the end of the accounting period: Fees Earned Depreciation Expense Equipment Accumulated Depreciation Insurance Expense Provisions for Employee Entitlements Prepayment Interest Receivable Goodwill Retained Profits Sales What was the balance for total assets based on above as at the end of the accounting period? [2 marks] Answer: $7,000 500

Sep 8, 2023

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The following accounts were taken from the Trial Balance at the end of the accounting period: Fees Earned Depreciation Expense Equipment Accumulated Depreciation Insurance Expense Provisions for Employee Entitlements Prepayment Interest Receivable Goodwill Retained Profits Sales What was the balance for total assets based on above as at the end of the accounting period? [2 marks] Answer: $7,000 500
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