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1. Milo has the year-end balances as follows: Account receivables TA. 5000; Supplies TA. 12,000; Equipment's TA. TA. 18,000; Accounts payable TA. 17,000 and Owner's equity TA. 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. TA. 25,000
  • B. TA. 25,000
  • C. TA. 25,000
  • D. TA. 25,000

Answer: Option D

Explanation:

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