Answer:
Supplies and total assets is $6,800 and $96,900
Explanation:
The computation of the total asset is
= Cash + supplies + equipment
= $29,100 + supplies + $61,000
= $29,100 + $6,800 + $61,000
= $96,900
For total assets we have to determine the total of liabilities and equity i.e.
= Note payable + common stock + retained earnings
= $23,900 + 36,600 + $36,400
= $96,900
