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Calculate the value of total assets on 31 december 2018

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Reference no: EM132322352

Question

Herjham Produce has provided you with following information for the year ended 31 December 2018. Using this information calculate the value of total assets on 31 December 2018.

Total owner's equity 31 December 2018 $= 1,496

Liabilities 1 January 2018 $= 6,406

Assets 1 January 2018 $= 6,257

Decrease in liabilities during 2018 $= 1,582

Reference no: EM132322352

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