The following information applies to the questions displayed

The following information applies to the questions displayed below At December 31, 2018, the accounting records of Braun Corporation contain the following items: Accounts Payable $ 18,58ee Accounts Receivable S45,8ee 245,eee Cash Capital Stock Building Retained Earnings ?Equipment $ 185,eee Notes Payable $ 165,eee s 125,eee 195,eee If Cash at December 31, 2018, is $71,000, total assets amount to: Multiple Choice $626,000 O $836.000 $689,500 $671000

Solution

Answer is D. $671,000

Land	$ 245,000
Building	$ 185,000
Accounts receivable	$    45,000
Cash	$    71,000
Equipment	$ 125,000
Total assets	$ 671,000