Problem 1: Answer the following question based on the scenario in Learning Activity 3. What is the amount of total liabilities and equity as of 12/31/2022?
a) $ 3,528 b) $ 7,056 c) $21,248 d) $28,304
Problem 2: Answer the following question based on the scenario in Learning Activity 3. What is the amount of total cash?
a) $23,269 b) $21,248 c) $28,304 d) $ 2,000
Problem 3: Answer the following question based on the scenario in Learning Activity 3. What is the amount of total assets as of 12/31/2022?
a) $ 23,269 b) $ 4,770 c) $ 28,304 d) $ 21,248
Problem 4: Answer the following question based on the scenario in Learning Activity 3. What is the beginning cash balance of W & M Inc.?
a) $ 3,528 b) $23,269 c) $ 7,056 d) $21,248