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Use the balance sheet below to answer the question.
Forks Gym
Balance Sheet
For the Month Ended August 31, xxxx
Assets
Cash
Accounts Receivable - Luke Taylor
Gym Equipment
Supplies
Total Assets 25,000.00
2,000.00
50,000.00
5,000.00
82,000.00
Liabilities
Accounts Payable - Gym Warehouse
Accounts Payable - Gym Zone
Total Liabilities
Owner's Equity
Megan Kluxen, Capital
Total Liabilities and Owner's Equity 10,000.00
15,000.00
25,000.00
57,000.00
82,000.00
What are the total assets of Forks Gym for August?
Responses
$25,000
$25,000
$57,000
$57,000
$82,000
$82,000
none of the above
All Answers 1
Answered by
GPT-5 mini
AI
$82,000
The balance sheet shows total assets (Cash $25,000 + AR $2,000 + Equipment $50,000 + Supplies $5,000) = $82,000.
The balance sheet shows total assets (Cash $25,000 + AR $2,000 + Equipment $50,000 + Supplies $5,000) = $82,000.
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