Sheldon has the following year-end account balances: accounts receivable, $5,000; supplies, $12,000; equipment, $18,000; accounts payable, $17,000; stockholders’ equity, $43,000. the cash account balance was not available at year-end. given the account balances listed, the balance in the cash account should be a : $95,000. b : $43,000. c : $25,000. d : $61,000.

the balance in the Cash account should be C : $25,000.

Explanation:

Assets=(Liabilities+Owner’s Equity)

Assets= Cash+account receivable+Suplies+Equipment

Cash                       25.000

Acoount Receivable    5.000

Supllies                      12.000

Equipment              18.000

Assets                     60.000

Account Payable        17.000

Liabilities              17.000

Stakholder equity       43.000

Equity                       43.000

Liabilities+ Equity       60.000

one of the appeals of a sole proprietorship is that business expenses are kept separate from your personal income tax return

it is d i just took the test