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What is Orange Software Company Total Assets as of December

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Reference no: EM133100574

Question - Below is the adjusted trial balance for Orange Software Co. as of December 31, 2021.

Orange Software Co. Adjusted Trial Balance December 31, 2021

Debit

Credit

Cash

95,000

Accounts Receivable

45,000

Supplies

1,700

Computer Equipment

35,000

Accumulated Depreciation - Computer Equipment

14,000

Accounts Payable

3,500

Wages Payable

4,800

Long-term notes payable

15,000

Common Stock

25,000

Retained Earnings

22,900

Dividends

5,000

Software Revenue

40,000

Maintenance Revenue

105,000

Services Revenue

45,000

Wages Expense

57,500

Rent Expense

24,000

Utilities Expense

4,500

Depreciation Expense

7,000

Interest Expense

500

Totals

275,200

275,200

Required - What is Orange Software Company's Total Assets as of December 31, 2021?

Reference no: EM133100574

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