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What is the answer to the following question?

by | Nov 28, 2023 | accounting

What is the answer to the following question?

At the end of the fist month of operations for SoloMO Delivery Service, the business had the following accounts: Accounts Receivable, $1,280; Prepaid Insurance, $580: Equipment, $37,000 and cash, $41,050. On the same date, SloMo owed the following creditors: Simpson Company, $12,800; Allen Officer Equipment, $9,900.

Multiple Choice:

$42,910

$78,050

$42,330

$79,910

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