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At the beginning of April, Warren Corporation's assets totaled $247,000 and liabilities totaled $67,000. During April the following summarized transactions occurred:Additional shares of stock were sold for $23,500 cash.A building costing $102,000 was purchased using $13,500 cash and by signing an $88,500 long-term note payable.Short-term investments costing $9,700 were purchased using cash.$10,700 was lent to an employee; the employee signed a six-month note in exchange for the loan.How much are Warren's total assets at the end of April?

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Accounting Basics, Accounting

Category:- Accounting Basics
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