Calculate the Knox Ltd’s total assets, total liabilities, and total equity as at 31 August 2023

Knox Ltd. completed the following transactions during its first month of operations for August 2023. 01 Aug Knox Ltd. began operations by issuing shares for $20,000 cash and a vehicle worth $10,000 01 Aug Borrowed $15,000 from the bank 01 Aug Prepaid $1,800 for 9-month insurance policy effective until 30 April, 2024. 08 Aug Performed consulting services for a customer and invoiced the customer $5,000, terms (3/14, n/60) 12 Aug Received $8,000 in advance for services to be performed from August to December 22 Aug Collected $5,000 cash balance from a customer on 08 Aug account 31 Aug Paid $2,000 cash dividend Knox Ltd. – Chart of accounts Assets Liabilities Equity Revenues Expenses 100 Cash 202 Salaries payable 300 Share capital 400 Service revenue 500 Salaries expense 105 Accounts receivable 203 Unearned service revenue 305 Retained earnings 505 Insurance expense 111 Prepaid insurance 205 Bank loan 310 Dividends 510 Interest expense 112 Vehicle 210 Interest payable 330 Income summary 520 Discount allowed Notes: (i) If you believe no journal is required, explain the reason(s); (ii) Ignore the effects of GST; (iii) Please include date, account names, account numbers, and amount credited/debited in your journal entries. Narrations are NOT required. Calculate the Knox Ltd’s total assets, total liabilities, and total equity as at 31 August 2023

Assets Liabilities  Accounts payable 25,000Cash 8, 000 Bank overdrafts 1,500Accounts receivables 10, 000 Long term loans 40,000Inventory 10, 000 Total liabilities 66,500Property, Plant and Equipment 100, 000 Shareholders Equity   Share capital 35,000  Retained earnings 26, 500Total Assets 128, 000 Total Liabilities and SE 128, 000 You have the following information from the balance sheet of Company X as at 30 June 2018.Calculate current ratio.

As of June 30, 2022, Blossom Company has assets of $96000 and stockholders' equity of $40000. What are the liabilities for Blossom Company as of June 30, 2022?Select answer from the options below$136000$40000$56000$96000

From the following account balances of Frosty Pty Ltd as at 30 June 2019, what is the total value of the business ASSETS? Cash at bank                                                 $14, 000Accounts receivable (net)                             54,000Inventory                                                         64,000Plant and equipment                                  350,000Goodwill                                                        180,000Accounts payable                                           45,000Borrowings                                                   184,000Provisions                                                        45,000Share capital                                                 240,000Retained earnings                                       148,000

If assets are $253,099 and equity is $136,586, liabilities must be: