10) Gerald Company has the following account balances at the…
10) Gerald Company has the following account balances at the end of the first year of operations: Revenues $106,000 Salaries Expense $36,000 Dividends $12,000 Utilities Expense $11,000 Advertising Expense $7,000 Cash $38,000 Land $56,000 Common Stock $54,000 What are total assets at the end of the first year?
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