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Question(s) / Instruction(s):

ACCT 2121 Following are the accounts and their balances for XYZ Corporation at 12/31/11. What are total assets at the end of the year?

Present your answer as a number with no commas or decimals.

Accounts Payable                                            1,500

Accounts Receivable                                      5,250

Advertising Expense                                       3,250

Auto                                                                      17,500

Auto Expense                                                    3,300

Cash                                                                      3,000

Contributed Capital                                         9,200

Dividends                                                            2,300

Income Tax Expense                                      3,100

Notes Payable                                                   7,500

Retained Earnings                                            6,860

Salaries Expense                                              19,360

Service Revenue                                              32,000

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